Based on the basic equality of the worker-members, which implies acceptance of a democratically organised company based on:
- The sovereignty of the General Assembly, consisting of all the members and which operates on the basis of ‘one member, one vote’.
- The democratic election of governing bodies, especially the Governing Council, which is responsible to the General Assembly for its management.
- Collaboration with management bodies designated to manage the company through the delegation of the members as a whole.
There is a broad delegation of powers on a day-to-day basis. Hence the importance of the election of the Governing Council, renewable every four years (half of the members every two years) and the appointment, through this Governing Council, of the executive management, to whom the economic performance and strategy of the company are delegated to a great extent. However, it must always be remembered that final decision-making power and control rests with the General Assembly.