COOPERATIVE PRINCIPLES
We are a cooperative
We are the origin of the cooperative group currently known as the MONDRAGON Group. Ours were the first cooperatives that were formed in 1957 as a result of Arizmendiarrieta’s initiative.
COOPERATIVE PRINCIPLES
OF THE FAGOR GROUP
01.
Free adherence
We have a strict non-discriminatory policy; anyone who accepts our basic principles and is professionally qualified for the vacant post that needs to be filled may join our group.
02.
Democratic organisation
We strive to ensure the basic equality of all worker-members in terms of their right to be, have and know. This inevitably leads to a democratic business organisation.
03.
Sovereignty of labour
Work is considered the principal factor for transforming nature, society and human beings themselves.
04.
Instrumental and subordinated nature of capital
Capital is considered a tool that is subordinate to work, which is essential to the development of any company.
05.
Participation in the management
Beyond member relations, the democratic nature of cooperativism implies the gradual development of self-organisation and participation in the company management.
06.
Wage solidarity
As a basic management principle, wages must be sufficient and established on the basis of solidarity.
07.
Cooperation
Cooperation is considered a prerequisite for both solidarity and business efficiency.
08.
Social transformation
We are committed to social transformation based on solidarity with other peoples, through our actions in the Basque Country, as a means of contributing to social and economic reconstruction and to the effort to build a freer, fairer and more supportive Basque society.
09.
Universality
As an expression of our universal vocation in the field of the ‘social economy’, we foster solidarity with all those working towards economic democracy. In particular, we embrace the aims of Peace, Justice and Development espoused by the international cooperative movement.
10.
Education
To promote the establishment of the aforementioned principles, we need to earmark the necessary human and economic resources for all aspects of education.
