Chapter 1: General Concepts and Principles Flashcards
Articles 1 to 5
Republic Act 9520 is known as the…
Philippine Cooperative Code of 2008
Article 2 Declaration of Policy: It is the declared policy of the State to foster the creation and growth of coopeatives as a practical vehicle for promoting ______ and harnessing _______ towards the attainment of economic development and social justice.
self-reliance; people power
Art. 2 - The State shall encourage the private sector to undertake the actual formation and organization of cooperatives and shall create an atmosphere….
conducive to the growth and development of these cooperatives
True or False
Art. 2 - The Government shall ensure provision of technical guidance, financial assistance and other services to enable said cooperatives to develop into viable and responsive economic enterprises and thereby bring about a strong cooperative movement that is free from any conditions that might infringe upon the the autonomous and organizational integrity of cooperatives.
True
Art. 2 - The state recognizes the _______ under which the cooperative sector will initiate and regulate within its own ranks the promotion and organization, training and research, audit and support services relative to cooperatives with government assistance where necessary.
principle of subsidiarity
Art. 3 - General Concepts
_______ is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations.
Cooperative
Cooperatives achieve their social, economic, and cultural needs and aspirations by _________
(1) making quitable contributions to the capital, (2) patrionizing their products and services, (3) accepting a fair share of risks and benefits in accordance with universally accepted cooperative principles.
Art. 4 - Cooperative Principles
Every cooperative shall conduct its affairs in accordance with ______, ______, ______, and the ______.
filipino culture, good values, experience, and the universally accepted principles of cooperation
Art. 4 - Universally Accepted Cooperative Principles (7)
- Voluntary and Open Membership
- Democrative Member Control
- Member Economic Participation
- Autonomy and Independence
- Education, Training and Information
- Cooperation Among Cooperatives
- Concern for Community
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination.
Voluntary and Open Membership
Cooperatives are democratic organizations that are controlled by their members who actively participate in setting their policies and making decisions. Men and women serving as elected representatives, directors or officers are accountable to the membership.
Democrative Member Control
In ____________, members have equal voting rights of one-member, one-vote. Cooperatives at other levels are organized in the same democratic manner.
Primary cooperatives
Members contribute equitably to, and democratically control, the capital of their cooperatives. At least part of that capital is the common property of the cooperative. They shall receive limited compensation or limited interest, if any, on capital subscribed and paid as a condition of membership.
Member Economic Participation
True or False
Members allocate surpluses for any or all of the following purposes: developing the cooperative by setting up reserves, part of which should at least be divisible; benefitting members in proportion to their partonage of the cooperative’s bubsiness; and, supporting other activities approved by the membership.
False; indivisible
Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into aggreements with other organizations, including government, or raise capital from external sources, they shall do so on terms that ensure democratic control of their members and maintain their cooperative autonomy.
Autonomy and Independence
Cooperatives shall provide education and training for their members, elected and appointed representatives, managers, and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.
Education, Training and Information
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.
Cooperation Among Cooperatives
Cooperatives work for the sustainable development of their communities through policies approved by their members.
Concern for Community
includes a person either natural or juridical who adhering to the principles set forth in this Code and in the Articles of Cooperative, has been admitted by the cooperative as member
Member
shall mean the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives, as provided by this Code, its articles of cooperation and bylaws.
General Assembly
True or False
For cooperatives with numerous and dispersed membership, the general assembly may be composed of delegates elected by each sector, chapter or district of the cooperative in accordance with the rules and regulations of the Cooperative Development Authority;
True
shall mean that body entrusted with the management of the affairs of the cooperative under its articles of cooperation and bylaws
Board of Directors
shall refer to any body entrusted with specific functions and responsibilities under the bylaws or resolution of the general assembly or the board of directors;
Committee
means the articles of cooperation registered under this Code and includes a registered amendment thereof;
Articles of Cooperation
means the bylaws registered under this Code and includes any registered amendment thereof;
Bylaws
means the operative act granting juridical personality to a proposed cooperative and is evidenced by a certificate of registration;
Registration
refers to the government agency in charge of the registration and regulation of cooperatives as such hereinafter referred to s the Authority;
Cooperative Development Authority
means that body of cooperative principles adhered to worldwide by cooperatives;
Universally Accepted Principles
means the full membership of a body of representatives elected by each of the sectors, chapter or district o the cooperative duly assembled for the purpose of exercising such powers lawfully delegated unto them by the general assembly in accordance with its bylaws;
Representative Assembly
shall include the members of the board of directors, members of the different committee created by the general assembly, general manager or chief executive officer, secretary, treasurer and members holding other positions as may be provided for in their bylaws;
Officers of the Cooperative
is a procedure wherein the cooperative assesses its social impact and ethical performance vis-a-vis its stated mission, vision, goals and code of social responsibility for cooperatives to be established by the Authority in consultation with the cooperative sector. It enables the cooperative to develop a process whereby it can account for its social performance and evaluate its impact in the community and be accountable for its decisions and actions to its regular members;
Social Audit
shall refer to an audit on the efficiency and effectiveness of the cooperative as a whole; its management and officers; and its various responsibility centers as basis for improving individual team or overall performance and for objectively informing the general membership on such performance;
Performance Audit
shall include cooperative undertaking activities which are related to its main line of business or purpose;
Single-Line or Single-Purpose Cooperative
are those which provide any type of service to its members, including but not limited to, transport, information and communication, insurance, housing, electric, health services, education, banking, and savings and credit;
Service Cooperative
refers to any organization all or majority of whose membership or shareholders come from a cooperative, organized for any other purpose different from that of, and receives technical, managerial and financial assistance from, a cooperative, in accordance with the rules and regulations of the Authority;”
Subsidiary Cooperative
refers to three or more primary cooperatives, doing the same line of business, organized at the municipal, provincial, city, special metropolitan political subdivision, or economic zones created by law, registered with the Authority to undertake business activities in support of its member-cooperatives.”
Federation of Cooperatives
