Public Limited Companies and Cooperative Principles in Ireland's Dairy Sector
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In recent years, several large dairy cooperatives in Ireland have been restructured in various ways into investor-oriented corporations (public limited companies). A primary reason advanced by leadership of these cooperatives for going to PLC route was that additional capital was required, and members were unwilling to invest that additional capital. The attitude of members toward cooperative investment appeared to have eroded because the principle of current active member ownership appeared to have been ignored. Net income was not allocated, and equity redemption policies were not in place. The argument is advanced that member investment in cooperatives can be given new incentives by bringing some dynamics to the principle of current active patron-member ownership.