Samvirket
Samvirket is a term used in Norwegian and Danish to refer to a cooperative association. It describes an enterprise or organization owned and democratically controlled by its members, who typically join to meet shared economic, social, or cultural needs. Unlike traditional investor-owned firms, samvirket operates on the principle that members participate and benefit according to their use or patronage.
The governance model of a samvirket is based on democratic control, often summarized as one member, one
Forms of samvirket include consumer cooperatives (retail and services owned by customers), worker cooperatives (owned by
Legal status and requirements for samvirket vary by country, but they generally emphasize member ownership, democratic