International Cooperative Alliance (ICA), which represents a global alliance of cooperatives, defines a cooperative as an autonomous collaborative individuals who voluntarily associate in order to meet their common economic, social and cultural needs and aspirations based on common ownership and democratic controlled organisation. Cooperatives regulate its operations on seven fundamental cooperative principles. Rochdale Equitable Pioneers Society is a first modern cooperative and was founded in 1884. Cooperatives have a special social and economic role as well as an instrument of socio-economic reintegration. They have a key role in the cases related to the stabilization of the economy. Starting cooperative entails a number of advantages, such as the ability to facilitate raising capital to entrepreneurs, contributing to the quality and value of products and the opening of opportunities for small entrepreneurs. The term management refers to the set of processes, policies and structures that make up the direction in which the organization is moving and the way in which it is managed and controlled. Like other forms of enterprises, cooperatives require a certain amount of capital investment, leadership and management expertise. But unlike other forms, cooperatives must effectively respond to the demands of the members, and involve all members in decisions that directly impact on policy and business management. Democratic governance and worker ownership makes the process of cooperative development much more complex than is the case with other business models. Cooperatives are unique entrepreneurial model that may be established in the form of worker cooperative model, consortium model or employee owned model. Cooperatives have common characteristics with other forms of enterprise in terms of content, features and business practices and the selection of the Board and management team. Differences between cooperative and corporate governance are reflected in the principles, objectives and organizational structure that separate the roles of management in a cooperative and other forms.