pt. I. Theoretical foundations -- pt. II. Organisational transformation -- pt. III. Best practice in co-operative governance -- pt. IV. The true value of membership -- pt. V. Participation in financial markets -- pt. VI. Innovation in co-operatives -- pt. VII. Drawing conclusions

A major issue for many co-operative enterprises is the ability to raise capital to fund growth. Considerable attention has been given to facilitating access to non-member capital sources and managing and accommodating such financing. This paper examines the merits of a new financial instrument...