Understanding Book: COOPERATIVE GOVERNANCE

Ø COOPERATIVE GOVERNANCE IS ABOUT STRIKING A FINE BALANCE BETWEEN THE PROCESS OF MAKING THE DECISIONS AND THE PROCESS OF IMPLEMENTING THE DECISIONS.

Ø COMPRISES OF:

– PARTICIPATION

– TRANSPARENCY

– ACCOUNTABILITY &

– ANTICIPATION

Ø     TAKE CARE OF MEMBERS NEED AND MONITOR THE SAME.

Ø  ATTRACT, MOTIVATE AND RETAIN MEMBERS

Ø  CREATING A SECURE AND PROSPEROUS OPERATING ENVIRONMENT FOR IMPROVING PERFORMANCE.

RESPONSIBILITY AND POWER OF EACH STAKEHOLDER IS DEFINED.

m  MANAGE AND MITIGATE RISK.

m  ELECTED LEADERSHIP DRIVES THE COOPERATIVE.

m  ENSURES FORMATION OF POLICY TO BE DRIVEN BY BOTH MEMBER-LEAD PHILOSOPHY AND BUSINESS RESULTS.

m  CREATE A BALANCE BETWEEN ECONOMIC PERFORMANCE AND SOCIAL RESPONSIBILITY.

m  PREPARE AND PRESENT THE CODE OF CONDUCT TO BE FOLLOWED BY THE EXECUTIVES.

m  PROMOTE AND PROTECT THE INTEREST OF THE COOPERATIVE.