Given the aforementioned comments, I would advise the author to revise the paper by focusing on the governance of nonprofit associations / co-operatives.
In addition, a more extensive literature review and comparison with previous principal-agent literature and stakeholder governance models (especially Van Puyvelde et al., 2012 and Coule, 2015) may give the manuscript a more solid theoretical foundation. As such, applying the idea of the Ostrom design principles to nonprofit governance and illustrating this with a case study may more clearly show the contribution of the manuscript to the current literature.