What is a co-operative society ? A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. A co-operative society is another means for forming a legal entity to conduct business besides forming a company. It pools together human resources in the spirit of self and mutual help with the object of providing services and support to members. The Co-operative Principles under which a co-operative society operates and carries out its business are :- Voluntary and open membership. Democratic control, one member one vote. Autonomy and independence. Promoting economic activities. Promoting …show more content…
The Co-operative Societies Ordinance, Cap 33 enshrines the Co-operative Principles and the Director of Agriculture, Fisheries and Conservation is appointed as the Registrar to register and regulate co-operative societies. Other than a registered co-operative society, or unless approved by the Chief Executive, no one shall trade or carry on business under any name or title of which the word 'co-operative' is part. How to form a co-operative society? To set up a preparatory committee, preferably with 5 members, to pool human and other resources together. To convene meetings to discuss the organizational structure of the proposed co-operative society (e.g. name, object, common bond of its members, share and business scope). To draft co-operative by-laws by referring to the model by-laws obtainable from the Registrar and find suitable premises for the society. To recruit members (at least 10 persons, each over 18 in age). A Guide to the Registration of Co-operative …show more content…
How to apply for registration ? To complete and submit an application to the Registrar of Co-operative Societies. To submit 3 copies of the proposed by-laws. Registration is free of charge. How to run a co-operative society ? The following meetings are convened for the formulation of business policies and implementation of strategic plans : General meeting Special general meeting Committee meeting A 5-member committee is entrusted with the duties and responsibilities in the management of the society's affairs. The committee is elected by members annually at the general meeting in a one-member-one-vote manner. Members of the committee are unpaid. Supreme authority is vested in the general meeting with the committee as its executive arm. Accounts, books and records should be properly kept and are subject to audit by persons authorized by the Registrar. Copies of the Co-operative Societies Ordinance and Rules, Cap. 33 are available for sale at the Government Publications Centre. For electronic copies, please go to the BLIS of the Department of Justice. Website : http://www.legislation.gov.hk/eng/home.htm A Guide to the Registration of Credit Unions I.
they head. As, a group, the cabinet is intended to serve as an advisory body to the
organization strongly believes in and governs the most basic customs and courtesies that all its members
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
At Company X, it is our upmost desire to comply with rules and laws pertaining to our business, and to hold our values at a spectacular level. Our company values include responsibility, equality, honesty, confidentiality, respect, and integrity. These values are the building block of our company, and should be followed by all employees, management, and any persons associated with our business. By adhering to the code of conduct, our work environment will be comfortable and reliable, and will help avoid unethical behavior.
It needs to oversee and dictate the manner by which injustices and issues that pertain to injustice are addressed. By being the overall supervisor, it will have the mandate on assisting different citizens and governments when it comes to coming up with policies that end segregation and
Board or Steering Group meetings to discuss strategic issues/direction. These meetings have a Chair person and the discussion and actions are recorded. Agendas and minutes
The meeting that was observed was a regularly scheduled meeting, each month the board members came together and discuss important issues
Mr. Scott Ferris as Vice President/Clerk and 3 more people as members; Chandra Mann, Sandrea Kerr and Barbara Braden to help to determine a petition with their votes.
The election of officers will be based upon a majority vote by members present at said meeting, no absentee votes will be accepted. Members may run for any number of offices but will only be selected for one upon election
The definition of company is 'A legal entity, by legislation, which permits groups of people, as shareholders, to apply to government for an independent organization to be created, which can then pursue set objectives ' (Duhaime, 2014).
We also have a committee made up of the Sr. Associate Director of Admission and Financial Aid, the Director and Assistant Director of Summer and Extended Programs, the Assistant Head of School for Academic Affairs, the Associate Head of School, and the Assistant Head for Finance and Operations who will vet ideas and situations before final decisions are made and relayed to the students and their
Directors are to buy, take on lease, hire or otherwise acquire any property and to maintain and equip it for use;
While dealing with the bank’s objectives, an efficient and proper code of conduct is expected from the workers and the directors.
A Consultative Committee attached to the High Authority 3. A Special Council of Ministers 4. An Assembly
Corporate social responsibility emphasizes the participation of the organization in a larger society and its responsibility to support good causes. It emphasizes corporate citizenship, philanthropy, and community support and recognizes community-based obligations and responsibilities.