A progressive cooperative that maintains a standard socio-economic condition for its members as the vision of the Bahong Multi-Purpose cooperative. William Dar 1998, after his visit to the area declared it as the Rose Capital of the Philippines. In the year 2000, through the efforts of the officers of the cooperative, they were able to obtain assistance from the Department of Labor and Employment (DOLE).
The cooperative's marketing service is now operating the post-harvest facility or cold storage and cut flower production at the Green Flower House. The information collected can be used as input to make plans and decisions to improve the operation of the cooperative. The study conducted focused on the operation of the Bahong Multipurpose Cooperative (BMPC) in Barangay Bahong La Trinidad, Benguet.
Even so, members' equity is usually less evident and less promoted than other features of the cooperative. The study was conducted in DC-104, Bahong, La Trinidad, Benguet Province, where the office of Bahong Multi-Purpose Cooperative is located. The respondents of the survey were the day-to-day manager, 5-10 members, 2-3 employees/officers and the chairman or deputy chairman of the cooperative.
The duties of members are in the bylaws of the BMPC as detailed in Appendix B. These various committees assist the BOD in planning and implementing the development programs of the cooperative. The management staff of the cooperative is composed of eight six (6) employees led by the General Manager, Mr.
The total liabilities consisted of the cooperative members' savings deposits and the cooperative's external borrowing, where it can be based on increased and decreased liability. The members' liability is limited, and no member is liable for the co-operative's debts beyond their subscription shares. The liquidity ratio only has a current ratio that shows the cooperative's ability to meet short-term financial obligations.
And many of them are not interested or willing to contribute to the cooperative's share capital. Some water consumers (members and affiliates) do not support other cooperative services, such as savings. There is a direct relationship between the number of members and each of the following: share capital, total assets, total liabilities and net surplus.
Change in the policies of the cooperative in 2007 and was strictly followed and implemented which was increase in their membership.
MEMBERSHIP
Use or expect to use the services of the cooperative for the purchase of production inputs, supplies, tools, equipment, consumables, marketing of their products, processing, and savings and loan services, etc. The applicant must subscribe for at least 80 units with a total value of eight thousand pesos (P8. 000.00), of which at least one thousand pesos, equivalent to 10 shares, must be paid upon submission of the application for membership. However, no member may own or hold more than twenty percent (20%) of the cooperative capital in the cooperative.
Appeal - An applicant rejected by the Board of Directors may appeal to the next general assembly by notifying the secretary of the cooperative thirty (30) days before said General Assembly, whose decision on the matter is final. Pay the subscription installment of the capital stock in due time and to participate in raising the capital of the cooperative; 6938, these by-laws, the decisions of the general assembly and the management council and the policies and decisions that may be announced by the Cooperative Development Authority (AQZH); and.
To promote the aims and objectives of the co-operative, the success of its business, the welfare of its members and the co-operative movement as a whole. To benefit from the services of the cooperative without any kind of discrimination in accordance with its conditions and requirements; and e. No member shall be liable for any debt of the cooperative beyond his subscribed shares.
Expulsion – A member may be terminated by a majority vote of all the members of the Board of Director for any of the following causes;. When a member has not protected the services of the cooperative for an unreasonable period of time as may be determined by the Board of Directors;. When a member has acted contrary to the by-laws and the rules of the cooperative; and.
For any act or omission that harms or damages the cooperative's interests or welfare. The decision of the board of directors shall be in writing and shall be communicated personally or by registered mail to the member and shall, within thirty (30) days after the decision is announced, be appealed to the general meeting, whose decision herein, whether in regular or special session, shall be final . Upon termination of a member's membership, the board of directors determines the book value of the member's share capital, in no case to exceed the nominal value, as determined by the end-of-year audited accounts closest to the termination date, and determines the amount thereof in money, which must be paid on the condition that funds are available.
GOVERNMENT
to elect among themselves those who will perform the duties of members of the board of directors and members of commissions; Consent for the acquisition of land/construction vehicle and other basic assets of the cooperative;. That he regularly attends and participates in the general or extraordinary assembly of the cooperative.
To respect the powers of the manager as defined in the articles of association and the articles of association of the cooperative. Punctuality and faithfulness attend meetings of the Board of Directors and the General Assembly and actively participate in consultations; Votes on issues and matters discussed at the board meeting, taking into account the best interest of the cooperative over his own interest;
Participate in cooperative activities and affairs that may be scheduled where his presence is needed. Avoid disrupting the day-to-day and routine operations and management of the cooperative. Conducts periodic internal audit of the cooperative's accounts and other records and documents.
Familiarize yourself with the policy of the cooperative and the essential elements of the accounting and record systems used by the cooperative; and. It reports to the board of directors and the general assembly on the loan operations of the cooperative; Promulgates rules, regulations and procedures in conducting elections of directors, board members and other elected officers of the cooperative in accordance with policy;.
Decide matters of election and questions of candidates' qualifications in accordance with the Cooperative's policies. Provided that in the event of the death, ignition, removal or permanent incapacity of the chairman, the board may, however, decide to elect his successor. The deputy chairman of the board acts as ex-officio chairman of the education committee.
Keeps a complete register of all members and reports or minutes of all meetings of the board of directors and the general meeting; Maintains the share and transfer ledger and serves as custodian of the cooperative's corporate seal;
