Initiative : Loan Management System INTRODUCTION Cooperatives are obligated to adhere to the Republic Act No. 9520 or the Philippine Cooperative Code of 2008. The law was signed into law last February 17‚ 2009. The new law amending RA 6938 was passed to meet the challenges of the global economic situation and the advent of the age of information technology. Moreover‚ the new cooperative code is expected to strengthen the thousands of cooperatives in the country and enable the system to contribute
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through management‚ guides an institution in fulfilling its corporate mission and protects the intuitions assets over time. (principles and practices of microfinance governance‚ by Rachel Rock Maria Otero Sonia Saltzman). However‚ the success of and strength of a financial cooperative in some parts of the world shows that governance issues can be transcendence when basic principles are followed. Therefore is corporate governance the cause of all troubles in Saccos? Governance is a system designed to
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STUDY ON HUMAN RESOURCE DEVELOPMENT IN COOPERATIVES ANIL KUMAR SONI1 & HARJINDER PAL SINGH SALUJA2 1 Research Scholar‚ Govt. V.Y.T. Auto. PG College‚ Durg‚ Chhattisgarh‚ India 2 Professor‚ Govt. V.Y.T. Auto. PG College‚ Durg‚ Chhattisgarh‚ India ABSTRACT Human resources development is an important component for the success of any organization. Human resource management plays a crucial role in the implementation of strategic management in cooperatives. It has‚ however‚ not been accorded
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CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
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corporations. Corporate governance would also encompass the issue of corporate social responsibility‚ including such aspects as the dealings of the firm with respect to culture and the environment” (Claessens 2003:5). The recent revision of the Principles of Corporate Governance
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2009 AN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE "PHILIPPINE COOPERATIVE CODE OF 2008" Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:: SECTION 1. Articles 1‚ 2‚ 3‚ 4 and 5 of Chapter 1 on General Concepts and Principles of Republic Act No. 6938‚ otherwise known as the "Cooperative Code of the Philippines‚" are hereby amended to read as follows: CHAPTER I GENERAL CONCEPTS AND PRINCIPLES "ARTICLE 1. Title. - This
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the management of co-operative societies to their members. Inadequate professionalism in management in many of the co-operative institutions has led to poor services and low productivity. Co-operatives need to run on well established democratic principles and elections held on time and in a free and fair manner. Therefore‚ there is a need to initiate fundamental reforms to revitalize these institutions in order to ensure their contribution in the economic development of the country and to serve
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1. Appreciate the democratic nature of co-operative 2. Evaluate the relevance of co-operative principles to the Kenya Social-economic environment. 3. Understand the role of the Government in co-operative movement. 4. assess the extent to which co-operative should be free from government control 5. Identify new areas in which co-operatives can venture in future. 6. Apply co-operative principles in managing co-operative organizations. 7. Explain the types and functions of co-operatives organization
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Proposal for starting Ashodaya Samithi Multipurpose Co-operative Society Name: Ashodaya Multipurpose co-operative society Location: Mysore Background Sex workers working in Ashodaya Samithi did not have access to facilities to save money. They could not open bank accounts without identification and residence proof – documents that their illegal occupation did not allow them to possess. Sex workers also faced humiliation when banks insisted that they bring their husbands along. Most sex
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Multi-Purpose Cooperative Address : No. 22 E. Rodriguez Highway‚ San Jose‚ Rodriguez‚ Rizal Size of the Company : 1 Chairman of the Board 5 Chairman of Committee 5 Secretary of Committee 9 Members Total : 20 HISTORY OF THE COMPANY The Most Holy Rosary Multi-purpose Cooperative formerly known as Most Holy Rosary Credit Cooperative was organized in January 02‚ 1985 for the purpose of engaging in activities as a credit cooperative under Presidential
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