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Abstract This article examines the governance of the Mondragon Cooperative Corporation (MCC) within the context of the expanding globalisation process. After a brief introduction about globalisation and cooperative degeneration theories, the first part of the paper begins by giving a brief description of MCC and examining its current situation. In the second part, we analyse the governing structure of the nucleus of MCC, i.e., the MCC Congress, the Standing Committee and the General Council. The third part is about the different types of employment generated by MCC and the participation of employees in management. The paper ends up with a discussion of the organisational implications of our results.
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