Unlike corporations, co-operatives do not have directors and appointed officers.

Name: Unlike corporations, co-operatives do not have directors and appointed officers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Co-operatives do have directors and appointed officers, but they operate under democratic principles where members have equal voting rights regardless of the amount of capital they have invested. Directors are elected by the members and held accountable to them.

Unlike Corporations, Co-Operatives Do Not Have Directors and Appointed Officers