Post COVID-19, Australia's economy will need more CMEs
CMEs provide employment and work opportunities to 280 million people across the globe – 10 per cent of the world’s employed population* Unlike the traditional investor-owned companies, which exist to maximise shareholder returns, CMEs focus on the social, economic and cultural needs of members. Good corporate citizenship is not a cost for CMEs but is a member dividend.
More and more, government, investors and the public are recognising the price of short-sighted priorities and are seeking the more sustainable CME business model. These are businesses that persevere through a crisis, move forward together and drive change said Melina Morrison, Chief Executive of the Business Council of Co-Operatives and Mutuals.