Jim RossJim Ross

You wonder if the ccc did an adequate feasibility study as outlined below. Could there have been another way to recover any remaining equity and start fresh.

Information guide on cooperatives

Step 2: Conduct a pre-feasibility study
Conduct a preliminary market review.
Identify available technical and financial assistance.
Assess receptiveness to the co-operative business idea in the local community.
Evaluate if the co-operative is the best legal framework to use or if the kind of co-operative selected is the most suitable.
Define the intended benefits of the co-operative for members (e.g., quality, price) and characteristics:
products and services offered (consumer co-op)
or products and services marketed (producer co-op)
or jobs and working conditions (worker co-op)
Evaluate the project’s potential to attract the minimum number of members required.
If this preliminary study is not conclusive, the group should re-evaluate its business idea. If this study shows that the planned co-operative is feasible, the group can proceed to the second phase.


“I thoroughly enjoyed the Good Governance Matters course offered by Co-operatives First. The course provided a solid background on governance generally and specific examples of good governance practices in co-operatives. It is uncommon to find governance training specific to co-operatives so this was refreshing.”

Janet Taylor (Corporate Secretary)

Libro Credit Union

“The Good Governance Matters Course was a valuable course. I shared it with the [Arctic Co-operatives Limited] Senior Leadership Team. If it ever comes up again, I highly recommend others to take it.”

Mary Nirlungayuk (Corporate Secretary and Vice-President, Corporate Services)

Arctic Co-operatives Limited

“The online course, Good Governance Matters was very informative, easy to navigate and discussed issues relevant to our needs as a Board of Directors. This course is a great tool for boards to build their knowledge to become strong, strategic boards.”

Lori Sanders (President)

Sherwood Co-op

“This course has greatly increased my understanding of what good governance could/should look like and how each part (boards, management, members) plays a vital role in the co-operative’s success.”


“This course was highly enjoyable, and relevant to working in not only the co-op space, but with any group that needs to make decisions.”