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2010 Ontario Co-operative Consultation

From November 1, 2010 to January 31, 2011, On Co-op gathered opinions from the Ontario co-operative sector on proposed changes to the Co-operative Corporations Act though its Co-operative Consultation. Specifically, this consultation addressed two proposed amendments: Par Value and the 50% rule.

During March, 2011, co-ops, credit unions, regulators, stakeholders and affiliates were invited to attend one of three focus groups held in person in Ottawa, Toronto and Guelph. The goal of these focus groups was to connect co-operatives from different sectors, educate them on two issues (the 50% rule and Par Value Preference Shares), share the consultation findings with them, discuss how each co-operative feels about the finding and collectively decide on the implications to the co-operative sector as a whole.The Toronto group was also broadcast live as a webinar.

More than 50 people participated in the focus groups, representing most of the major co-op sectors in Ontario. On Co-op prepared a final report on this consultation (available at top right under downloads), which was reviewed by our Board of Directors. The Regs and Legs Committee presented their recommendation-- to keep both the Par Value Preference share structure and the "50% Rule"-- at the On Co-op AGM that year.

For more information on the relevant issues:
Par value share structure
50% Rule

News

Guide to Co-op Act written in plain, accessible language

Oct 14, 2015 - On Co-op has created a Guide to Ontario‚Äôs Co-operative Corporations Act. The Guide explains the details of the Act, and includes advice about the procedures and protocols that define the operations of co-operatives. The Guide also includes a number of…

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Events

34th Annual Directors' Forum Conference

Oct 11, 2018 + others - Directors of credit unions and caisses populaires are invited to join us for a unique learning, professional development and networking opportunity! New as well as young Directors are also highly encouraged to attend!

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