MONDRAGON’s Principles

1. Open Membership
MONDRAGON is open to anyone who accepts our Principles.

2. Democratic organisation
A one person, one vote system for election of the cooperative’s governing bodies and for deciding on the most important issues.

3. Sovereignty of Labour
Profit is allocated on the basis of the work contributed by each member in order to achieve this profit.

4. Instrumental and subordinated nature of capital
The capital factor is a necessary resource, but it does not confer the right to vote and its stake in the profit is limited and subordinated to labour.

5. Participation in the management
People’s responsible involvement in managing the business.

6. Wage solidarity
In accordance with the cooperative’s real possibilities, and equitable at an internal and external level and for MONDRAGON.

7. Inter-cooperation
As a mechanism for solidarity between cooperatives and business efficiency.

8. Social transformation
Commitment to the supportive, sustainable development of our local area.

9. Universality
In solidarity with the promoters of economic democracy within the context of the Social Economy, fully embracing the goals of the international cooperative movement.

10. Education
Promoting people and the cooperative culture, allocating human and financial resources to the cooperative and professional Education of the members and of young people in general.