In honour of the United Nation’s International Year of Co-operatives 2012 in Finland the Finnish Co-operative Council, a body formed in 2001 by major co-operative organizations in Finland to coordinate the promotion of co-operation and mutual co-operative interests, has endowed a new professorship in Co-operative Management established at Lappeenranta University of Technology in south-eastern Finland. The aim is to promote the creation of new and rigorous scientific research on co-operatives and their management and establish resources for the development of co-operative governance. D.Sc. (Econ. & Bus. Adm.) Iiro Jussila was appointed to the new chair.
Donation for the professorship was made in honour of the United Nation’s International Year of Co-operatives (IYC) 2012, which among others also had the goal to promote the position of co-operation in science. The IYC is considered to be the beginning of a decade of co-operative development during which the advancement of the co-operative business model will be in focus.
“Co-operative businesses play a significant role in economic life, in building national well-fare and in responsible ownership in Finland. The aim of this project is to achieve added value in the leadership of co-operatives and, thus, enhance the ability of co-operatives to fulfil their purpose”, said Otto Mikkonen who chairs the Cooperative Council of Finland.
The endowed professorship is for years 2013-2017 with an option to be extended by two years. The funds for the professorship were donated by Pellervo Confederation of Finnish Co-operatives, OP-Pohjola Group Research Foundation and SOK Corporation.