Co-op are vulnerable to the capture by leadership like other types of companies. REI is a co-op of members and has been moving towards being normal private comp

Co-op are vulnerable to the capture by leadership like other types of companies. REI is a co-op of members and has been moving towards being normal private company. One change was only the board can nominate board candidates. To make companies more democratic would require changing the rules. Like opening up board positions. For public companies, maybe get rid of proxy voting and vote online. Online voting would allow for important votes away from shareholder meeting, like selecting a new CEO. Another would be to give employees and even customers votes. Maybe have them elect separate board members.