Trade · 6 pages · 12 min
Why a member vote is not a share price
A cooperative vote governs the member body, and it is not a market price for a share.
When the purchase is complete, return to the original window. It will refresh.
From the opening
In a typical cooperative the member's vote is a governance right, often equal per member, used to elect directors and decide major policies. A share price on a stock market is a continuous bid for a transferable claim on a corporation's future profits, and it moves without anyone calling a meeting. The opening covers ballots are not tickers, votes often stay equal, and capital credits are not quotes.
The rest of the brief — the later sections and the reading notes — opens after Stripe confirms payment.
Inside
- Ballots are not tickers
- Votes often stay equal
- Capital credits are not quotes
- Redemption follows a rule
- Where the idea stops applying
- A distinction worth keeping
Sources
- One member one vote
- Non-transferable cooperative equity