Why a co-operative?
A co-operative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.
Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.
The HF Holidays Board has adopted the principles of the Code and the best practice policies. The Code has been designed for large retail co-operative societies; therefore some of the detailed activities are not appropriate to HF Holidays’ type of consumer society, this is recognised in the Code.
The Board has measured its current practices against the Code, determined where there are gaps and embarked on an ongoing programme to amend and develop best practice governance.
The Board reviews its progress regularly and has agreed to use the Co-operative UK audit tool to help identify outstanding issues.