Re: Proposal of the new .mu framework - not-for-profit entity

From: chitz <chittra.03_at_gmail.com>
Date: Sun, 29 Mar 2015 20:17:43 +0400

Profits must be used for improving services not to be shared among members
On 29 Mar 2015 18:11, "Loganaden Velvindron" <loganaden_at_gmail.com> wrote:

> On Fri, Mar 27, 2015 at 10:21 PM, S Moonesamy <sm+mu_at_elandsys.com> wrote:
> > Hello,
> > At 12:59 27-03-2015, Mohammad Nadim wrote:
> >>
> >> Can someone gives a brief difference between a non-profit and a
> >> co-operative society ?
> >
> >
> > "Co-operatives are a business model that exists to serve its members,
> > whether
> > they are the customers, the employees, or the local community. The
> > members
> > are the owners, with an equal say in what the co-operative does."
> >
> > "A non-profit organization is a group organized for purposes other than
> > generating profit and in which no part of the organization's income is
> > distributed to its members."
>
> Orange is a "co-operative" in practice, as the government as well as a
> few private companies share the profits among themselves. However, the
> focus is more about increase money for shareholders, rather than,
> caring about investing to improve the services, and build a long-term
> strategy.
>
>
> >
> > Regards,
> > S. Moonesamy
> >
>
>
>
> --
> This message is strictly personal and the opinions expressed do not
> represent those of my employers, either past or present.
>
>
Received on Sun Mar 29 2015 - 16:17:58 PST

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