common findings in the inspection of cooperatives (region 1)
TRANSCRIPT
Common Findings f %
1 The cooperative do not issue share capital certificate to members. 401 55
2 The cooperative does not maintain a Share and Transfer Book. 382 52
3Members’ subscribed and paid up shares are not covered by subscription agreement.
364 50
4
The Election Rules and Guidelines adopted by the cooperative did not include mandatory training requirements for the officers.
359 49
Common Findings f %
5
The registry of membership do not contain the required minimum information pursuant to the pertinent memorandum circular 2012-16.
354 48
6 The cooperative has no existing Election Rules and Guidelines. 334 46
7 The annual development plan was not implemented. 330 45
8
The cooperative has no Policies and Procedures on Conflict Management/ Mediation and Conciliation Program.
320 44
Common Findings f %
9The cooperative has no Cooperative Code of Governance and Ethical Standards.
298 41
10
The cooperative has no organizational structure or with structure but do not comply with memorandum circular 2010-07.
281 38.44
11 No annual development plan 277 37.89
12The capital build-up programs specified in the by-laws are not implemented.
271 37
13 Committees do not meet regularly. 258 35
Common Findings f %
14The conduct of regular Board of Directors meetings is not done on a monthly basis.
255 35
15The articles of cooperation and by-laws do not contain an arbitral clause.
247 34
16
The cooperative does not remit Cooperative Education and Training Fund (CETF) to the federation and/or union.
246 33.65
17 The cooperative is not affiliated with any federation or union. 231 31.6
0
145 Common findings f %18 The statutory funds are not fully funded. 230 31
19
The cooperative has no continuous education program or human resource development program for its officers, members, and employees.
218 30
20 The cooperative does not conduct PMES to new members. 145 20
21
The cooperative has no signage or the signage does not conform to the prescribed specifications provided under the pertinent memorandum circular 2012-15.
143 19.56
22 The books of accounts are not properly maintained and updated. 110 15
Common Findings f %
23 The cooperative does not conduct PMES to new members. 145 19.83
24
The cooperative has no signage or the signage does not conform to the prescribed specifications provided under the pertinent memorandum circular 2012-15.
143 19.56
25 The books of accounts are not properly maintained and updated. 110 15.04
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative do not issue share capital certificate to members.
256 126 19 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative does not maintain a Share and Transfer Book.
245 120 17 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
Members’ subscribed and paid up shares are not covered by subscription agreement.
228 106 30 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
Members’ subscribed and paid up shares are not covered by subscription agreement.
228 106 30 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The Election Rules and Guidelines adopted by the cooperative did not include mandatory training requirements for the officers.
264 82 12 1
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The registry of membership do not contain the required minimum information pursuant to the pertinent memorandum circular 2012-16.
225 113 15 1
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no existing Election Rules and Guidelines.
225 91 17 1
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The annual development plan was not implemented.
244 77 9 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no Policies and Procedures on Conflict Management/ Mediation and Conciliation Program.
172 122 24 2
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no Cooperative Code of Governance and Ethical Standards.
174 101 21 2
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no organizational structure or with structure but do not comply with memorandum circular 2010-07.
197 70 14 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
No annual development plan 180 86 11 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The capital build-up programs specified in the by-laws are not implemented.
244 21 6 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
Committees do not meet regularly.
182 63 13 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The conduct of regular Board of Directors meetings is not done on a monthly basis.
226 27 2 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The articles of cooperation and by-laws do not contain an arbitral clause.
183 56 7 1
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative does not remit Cooperative Education and Training Fund (CETF) to the federation and/or union.
127 103 16 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative is not affiliated with any federation or union.
132 90 8 1
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The statutory funds are not fully funded. 149 75 14 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative does not remit Cooperative Education and Training Fund (CETF) to the federation and/or union.
127 103 16 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no continuous education program or human resource development program for its officers, members, and employees.
169 39 10 0
Common FindingsNo. of Findings per
CategoryMicro Small Medium Large
The cooperative has no signage or the signage does not conform to the prescribed specifications provided under the pertinent memorandum circular 2012-15.
121 16 3 3