Figure 1. Alternative cooperative models: an ownership rights perspective
Ownership
Rights
Restricted to
Member-Patrons
Redeemable
Benefits to
Patrons
Non-Proportional
Member Investment Traditional Cooperatives
Proportional
Member Investment
Benefits to
Investors
Non-Redeemable
and Transferable
Proportional Investment
Cooperatives
Member-Investor Cooperatives
New Generation Cooperatives
Not Restricted to
Member-Patrons
Conversion
Non-Conversion Outside Equity Not in Cooperative
Investor-Oriented Firms
Cooperatives with Capital
Seeking Companies
Publicly-Traded Common Stock
Investor-Share Cooperatives