SEARCH
Philippine Government Forms All in One Location
Tweet
Share
Model By Laws - Union
CDA by laws for union
Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: Revised March2012
BY-LAWS
OF
____________________________________
KNOW ALL MEN BY THESE PRESENTS:
We, the undersigned duly authorized representative(s) of our
respective cooperatives, all of legal age and Filipino citizens, have on this day
voluntarily organized a (Secondary/Tertiary) Cooperative Union, do hereby
adopt the following By-laws.
Article I
Purpose/s and Goals
The purpose/s and goals of this Cooperative Union are those set forth
in its Articles of Cooperation.
Article II
Membership
Section 1.
Membership.
This Cooperative Union shall
_________________
__________________________________________________________members.
have
Section 2. Qualification for Membership - The membership of this
Cooperative
Union
is
open
to
any
registered___________________________________
_____________________________________, within the common bond of
membership.
Section 3. Requirements for Membership.
A member must have complied with the following requirements:
a.
b.
c.
d.
e.
Approved application for membership;
General Assembly Resolution;
Board of Director Resolution on authorized representative;
Certification of line of business activities engaged in;
Subscribed and paid the required minimum share capital and
membership fee; and
f. ___________________________________________________________
Section 4. Application for Membership. An applicant for membership shall
file a duly accomplished form to the Board of Directors who shall act upon
the application within _________ (_____) days from the date of filing. The
Board of Directors shall devise a form for the purpose which shall, aside
from the profile of the applicant cooperative, include the duties of an affiliate
to participate in all programs including but not limited to capital build-up,
patronizing the businesses and services and savings mobilization of the
federation and, such other information as may be deemed necessary.
The application form for membership shall include an undertaking to
uphold the By-laws, policies, guidelines, rules and regulations promulgated
by the Board of Directors and the general assembly. No application for
membership shall be given due course if not accompanied with a
Page 1 of 16
Revised March2012
membership fee of _____________ (Php _____), which shall be refunded to the
applicant cooperative in case of rejection.
Section 5. Appeal. An applicant cooperative whose application was denied
by the Board of Directors may appeal to the Appeal and Grievance
Committee or the general assembly by giving notice to the Secretary of the
Cooperative Union within thirty (30) days upon receipt of the decision.
Section 6. Duties and Responsibilities of Affiliates. Every affiliate shall
have the following duties:
a.
b.
c.
d.
Pay the monthly dues and whatever fees and contributions;
Patronize the Cooperative Union’s services;
Participate in the membership education programs;
Attend and participate in the deliberation of all matters taken
during General Assembly meetings;
e. Observe and obey all lawful orders, decisions, rules and regulations
adopted by the Board of Directors and the General Assembly;
f. Remit the Cooperative Education and Training Fund (CETF) due to
the Federation/Union; and
g. Promote the purposes and goals of the Cooperative Union, the
success of its operations, the welfare of its affiliates and the
cooperative movement in general.
Section 7. Rights and Privileges of Affiliates. An affiliate shall have the
following rights and privileges:
a. Attend through authorized representative during General Assembly
meetings;
b. Avail the services of the Cooperative Union, subject to certain
conditions as may be prescribed by the Board of Directors;
c. Inspect and examine the books of accounts, the minutes books, the
share register, and other records of the Cooperative Union during
reasonable office hours;
d. Secure copies of Cooperative Union’s records/documents pertaining
to the account information of the concerned affiliate; and
e. Such other rights and privileges as may be granted by the General
Assembly.
Section 8. Affiliate Entitled to Vote. Any regular member who meets the
following conditions is a member entitled to vote:
a. Paid the membership fee and the value of the minimum
contribution required for membership;
b. Not delinquent in the payment of its contribution, dues, fees and
other accounts or obligations;
c. Not violated any provision of cooperative laws, CDA administrative
issuances, Articles of Cooperation and this By-laws, the terms and
conditions of the subscription agreement; and the decisions,
guidelines, rules and regulations promulgated by the Board of
Directors and the general assembly;
d. Completed the continuing education program prescribed by the
Board of Directors;
e. Remitted the Cooperative Education and Training Fund (CETF) due
to the Federation/Union; and
f. Participated in the affairs of the Cooperative Union and patronized
its services in accordance with the policies and guidelines.
Page 2 of 16
Revised March2012
Failure of the member to meet any of the above conditions shall mean
suspension of voting rights subject to the declaration of the Board of
Directors until the same has been lifted upon the determination of the latter.
Consequently, an affiliate entitled to vote shall have the following
additional rights:
a. Participate and vote on all matters deliberated upon during
General Assembly meetings;
b. Seek any elective or appointive position, subject to the
provisions of this By-laws and the Philippine Cooperative Code
of 2008; and
c. Such other rights and privileges as may be provided by the
General Assembly.
Section 9. Termination of Membership. Termination of membership may
be automatic, voluntary or involuntary, which shall have the effect of
extinguishing all rights of a member in the Cooperative Union.
a. Automatic Termination of Membership. The dissolution or the
insolvency of an affiliate shall be considered an automatic termination
of its membership in the Cooperative Union.
b. Voluntary Termination. An affiliate may, for any valid reason,
withdraw his membership from the Cooperative Union by giving a sixty
(60) day notice to the Board of Directors.
c. Involuntary Termination. An affiliate may be terminated by a vote of
the majority of all the members of the Board of Directors for any of the
following causes:
i. Has not patronized the services of the Cooperative Union as
provided for in its policies ;
ii. Has continuously failed to comply with its obligations as provided
for in the policies of the Cooperative Union;
iii. Has violated any provision of this By-laws and the policies
promulgated by the board of directors of the Cooperative Union;
and
iv. For any act or omission injurious or prejudicial to the interest or
the welfare of the Cooperative Union.
Section 10. Manner of Involuntary Termination. The Board of Directors
shall notify in writing the affiliate which is being considered for termination
and shall give them the opportunity to be heard.
The decision of the Board of Directors shall be in writing and shall be
communicated in person or by registered mail to said member and shall be
appealable within thirty (30) days from receipt thereof to the General
Assembly whose decision shall be final.
ARTICLE III
Administration
Section 1. The General Assembly (GA). The General Assembly is composed
of all the members entitled to vote, duly assembled and constituting a
quorum and is the highest policy-making body of the Cooperative Union.
Section 2. Powers of the General Assembly. Subject to the pertinent
provisions of the Cooperative Code and the rules issued thereunder, the
Page 3 of 16
Revised March2012
General Assembly shall have the following exclusive powers which cannot be
delegated:
a. To determine and approve amendments to the cooperative Articles of
Cooperation and By-laws;
b. To elect or appoint the members of the board of directors, and to
remove them for cause;
c. To approve developmental plans of the cooperative; and
d. To delegate the following power/s to a smaller body of the Cooperative
Union:
i.
ii.
___________________________________________
__________________________________________
Section 3. Meetings. Meetings of the General Assembly, board of directors
and committees may be regular or special. All proceedings and businesses
undertaken at any meeting of the general assembly or Board of Directors, if
within the powers or authority of the Cooperative Union, there being a
quorum, shall be valid.
Section 4. Regular General Assembly Meeting. The General Assembly shall
hold its annual regular meeting at the principal office of the Cooperative
Union or at any place in the Philippines within ninety (90) days after the
close of its fiscal year.
Section 5. Special General Assembly Meeting. The Board of Directors may,
by a majority vote of all its affiliates, call a Special General Assembly meeting
at any time to consider urgent matters requiring immediate membership
decision. The Board of Directors must likewise call a Special General
Assembly meeting within one (1) month from receipt of a written request
from a) at least ten percent (10%) of the total number of affiliates entitled to
vote; b) the Audit Committee; or
c) upon Order of the Cooperative
Development Authority.
Section 6. Notice of Meeting. All notices of meetings shall be in writing and
shall include the date, time, place, and agenda thereof stated therein.
a. Regular General Assembly Meeting. Notice of the annual regular
General Assembly meeting shall be served by the Secretary, personally
or his duly authorized representative, by registered mail, or by
electronic means to all affiliates of record at its last known postal
address, or by posting or publication, or through other electronic
means, at least one (1) week before the said meeting. It shall be
accompanied with an agenda, minutes of meeting of the last General
Assembly meeting, consolidated reports of the Board of Directors and
Committees, audited financial statements, and other papers which
may assist the members to intelligently participate in the proceedings.
b. Special General Assembly Meeting. Notice of any Special General
Assembly meeting shall be served by the Secretary personally or his
duly authorized representative, by registered mail, or by electronic
means upon each members who are entitled to vote at his last known
postal address, or by posting or publication, or through other
electronic means, at least one (1) week before the said meeting. It
shall state the purpose and, except for related issues, no other
business shall be considered during the meeting.
c. Waiver of Notice. Notice of any meeting may be waived, expressly or
impliedly, by the affiliate concerned.
Page 4 of 16
Revised March2012
Section 7. Order of Business. As far as practicable, the order of business of
a regular general assembly meeting shall be:
a. Call to order;
b. Declaration/Consideration of presence of quorum;
c. Reading, consideration and approval of the minutes of the previous
meeting;
d. Presentation and approval of the reports of the board of directors,
officers, and the committees, including audited financial statements of
the Cooperative Union;
e. Unfinished business;
f. New business;
i. h.1 Election of directors and committee members
ii. h.2 Approval of Development and/or annual Plan and Budget
iii. h.3 Hiring of External Auditor
iv. h.4 Other related business matters
g. Announcements; and
h. Adjournment
Section 8. Quorum for General Assembly Meeting. During regular or
special general assembly meeting, at least ____________ percent (_______%) of
the total number of affiliates entitled to vote shall constitute a quorum.
Section 9. Voting System. Only affiliates entitled to vote shall be qualified
to participate and vote in any general assembly meeting. The votes cast by
the representative/delegate duly authorized shall be deemed as votes cast by
the affiliates.
Election of Directors and Committee members shall be by secret ballot.
Action on all matters shall be in any manner that will truly and correctly
reflect the will of the membership.
ARTICLE IV
Board of Directors
Section 1. Composition of the Board of Directors (BOD).
Directors shall be composed of _________ ( ) members.
The Board of
Section 2. Functions and Responsibilities. The Board of Directors shall
have the following functions and responsibilities:
a. Provide general policy direction;
b. Formulate the strategic development plan;
c. Determine and prescribe the organizational and operational
structure;
d. Review the Annual Plan and Budget and recommend for the
approval of the GA;
e. Establish policies and procedures for the effective operation and
ensure proper implementation of such;
f. Evaluate the capability and qualification and recommend to the
General Assembly the engagement of the services of the External
Auditor;
g. Appoint the members of the Mediation/ Conciliation and Ethics
Committees and other Officers as specified in the Code and
Cooperative Union’s By-laws;
h. Decide election related cases involving the Election Committee and
its members in accordance with the Guidelines issued by the CDA,
Art. 137 of Republic Act No. 9520, Memorandum Circulars issued
Page 5 of 16
Revised March2012
by the Cooperative Development Authority, Alternate Dispute
Resolution Act of 2004 and its suppletory laws;
i. Act on the recommendation of the Ethics Committee on cases
involving violations of Code of Governance and Ethical Standards in
accordance with the Guidelines issued by the CDA, Art. 137 of
Republic Act No. 9520, Memorandum Circulars issued by the
Cooperative Development Authority, Alternate Dispute Resolution
Act of 2004 and its suppletory laws; and
j. Perform such other functions as may be prescribed in the By-laws
or authorized by the General Assembly;
Section 3. Qualifications. Any affiliate who is entitled to vote and has the
following qualifications can be elected or continue as member of the Board of
Directors:
a.
b.
c.
d.
e.
f.
Has paid the minimum capital requirement;
Has no delinquent account with the Cooperative Union;
Have continuously patronized the Cooperative Union’s services;
An affiliate in good standing for the last two (2) years;
Completed or willingness to complete within the prescribed period
the required education and training whichever is applicable; and
Other qualifications prescribed in the rules and regulations of the
Authority.
Section 4. Disqualifications. Any affiliate representative under any of the
following circumstances shall be disqualified to be elected as a member of
the Board of Directors or any committee, or to continue as such:
a. Holding any elective position in the government, except that of a
party list representative being an officer of a cooperative he or she
represents;
b. The members of the Board of Directors holding other position
directly involved in the day-to-day operation and management of
the cooperative he/she represents;
c. Having direct or indirect personal interest with the business of the
Cooperative Union;
d. Having been absent for three (3) consecutive meetings or in more
than fifty percent (50%) of all meetings within the twelve (12) month
period unless with valid excuse as approved by the board of
directors;
e. Having been convicted in administrative proceedings or
civil/criminal
suits
involving
financial
and/or
property
accountability; and
f. Having been disqualified by law.
Section 5. Election of Directors. The members of the Board of Directors
shall be elected, by secret ballot, by the affiliates, who are duly authorized
representatives, who are entitled to vote during the annual regular General
Assembly meeting or special general assembly meeting called for the
purpose. Unless earlier removed for cause, or have resigned or become
incapacitated, they shall hold office for a term of _________ ( ) years or until
their successors shall have been elected and qualified; Provided, that
majority of the elected directors obtaining the highest number of votes
during the first election after registration shall serve for two (2) years, and
the remaining directors for one (1) year. Thereafter, all directors shall serve
for a term of ____________ (
) years; The term of the cooperating directors
shall expire upon the election of their successors in the first regular general
assembly after registration.
Page 6 of 16
Revised March2012
Section 6. Election of Officer within the Board of Directors. The Board
of Directors shall convene within ten (10) days after the General Assembly
meeting to elect by secret ballot from among themselves the Chairperson and
the Vice-Chairperson, appoint the Secretary and to elect Treasurer from
outside of the Board.
For committees elected by the General Assembly and/or appointed by
the BOD, procedural process of electing the Chairperson, Vice-Chairperson
or other positions among themselves should be in accordance with the
process mentioned above.
Section 7. Meeting of the Board of Directors. The regular meeting of the
Board of Directors shall be held at least once a month. However, the
Chairperson or majority of the directors may at any time call a special Board
meeting to consider urgent matters. The call shall be addressed and
delivered through the Secretary stating the date, time and place of such
meeting and the matters to be considered. Notice of regular and special
meetings of the Board of Directors, unless dispensed with, shall be served by
the Secretary in writing or thru electronic means to each director at least two
(2) days before such meeting.
Majority of the total number of directors constitutes a quorum to
transact business of the meeting. Any decision or action taken by the
majority members of the Board of Directors in a meeting duly assembled
shall be a valid cooperative act.
Section 8. Vacancies. Any vacancy occurring in the Board of Directors by
reason of death, incapacity, removal or resignation may be filled-up by a
majority vote of the remaining directors, if still constituting a quorum;
otherwise, such vacancy shall be filled by the General Assembly in a regular
or special meeting called for the purpose. The elected director shall serve
only for the unexpired term of his predecessor in office.
In the event that the General Assembly failed to muster a quorum to
fill the positions vacated by directors whose term have expired and said
directors refuse to continue their functions on a hold-over capacity, the
remaining members of the Board together with the members of the Audit
Committee shall designate, from the qualified regular members of the
General Assembly, their replacements who shall serve temporarily as such
until their successors shall have been elected and qualified in a regular or
special General Assembly meeting called for the purpose.
If a vacancy occurs in any elective committee it shall be filled by the
remaining members of the said committee, if still constituting a quorum,
otherwise, the Board, in its discretion, may appoint or hold a special election
to fill such vacancy.
Section 9. Removal of Members of the Board of Directors and Committee
Members. All complaints for the removal of any elected officer shall be filed
with the Board of Directors and such officer shall be given the opportunity to
be heard. Majority of the Board of Directors may place the officer concerned
under preventive suspension pending the resolution of the investigation.
Upon finding of a prima facie evidence of guilt, the Board of Directors shall
present its recommendation for removal to the General Assembly. An
elective officer may be removed by three-fourths (¾) of the regular members
present and constituting a quorum, in a regular or special general assembly
meeting called for the purpose. The officer concerned shall be given the
opportunity to be heard at said Assembly. For this purpose, the Board of
Directors shall provide policy on suspension.
Page 7 of 16
Revised March2012
In cases where the officers sought to be removed consist of the
majority of the BOD, at least 10% of the affiliates with voting rights may file
a petition with the CDA, upon failure of the BOD to call an assembly meeting
for the purpose to commence the proceeding for their removal within thirty
(30) days from notice. The decision of the GA on the matter is final and
executory.
An officer appointed by the Board of Directors may be removed from
office for cause by a majority vote of all the members of the Board of
Directors.
Section 10. Prohibitions. Any members of the Board of Directors shall not
hold any other position directly involved in the day-to-day operation and
management of the Cooperative Union nor engage in any services similar to
that of the Cooperative Union or who in any way has a conflict of interest
with it.
ARTICLE V
Committees
Section 1. Audit Committee. An Audit Committee is hereby created and
shall be composed of ______ ( ) members to be elected during a General
Assembly meeting and shall hold office for a term of one (1) year or until
their successors shall have been elected and qualified. Within ten (10) days
after their election, they shall elect from among themselves a Chairperson,
Vice-Chairperson and a Secretary. No member of the committee shall hold
any other position within the Cooperative Union during his term of office.
The Committee shall provide internal audit service, maintain a complete
record of its examination and inventory, and submit audit report quarterly or
as may be required by the Board and the General Assembly.
The audit committee shall be directly accountable and
responsible to the General Assembly. It shall have the power and duty to
continuously monitor the adequacy and effectiveness of the Cooperative
Union’s management control system and audit the performance of the
Cooperative Union and its various responsibility centers.
Section 2. Functions and Responsibilities. The Audit Committee shall:
a. Monitor the adequacy and effectiveness of the Cooperative Union’s
management and control system;
b. Audit the performance of the Cooperative Union and its various
responsibility centers;
c. Review continuously and periodically the books of account and other
financial records to ensure that these are in accordance with the
cooperative principles & generally accepted accounting procedures;
d. Submit reports on the results of the internal audit and recommend
necessary changes on policies and other related matters on operation
to the Board of Directors and General Assembly;
e. Recommend or petition to the Board of Directors conduct of special
general assembly when necessary; and
f. Perform such other functions as may be delegated by the BOD or
authorize by the GA.
Section 3. Election Committee. An Election Committee is hereby created
and shall be composed of _____ ( ) members to be elected during a General
Assembly meeting and shall hold office for a term of one (1) year or until
their successors shall have been elected and qualified. Within ten (10) days
after their election they shall elect from among themselves a Chairperson,
Page 8 of 16
Revised March2012
Vice-Chairperson and a Secretary. No member of the committee shall hold
any other position within the Cooperative Union during his term of office.
Section 4. Functions and Responsibilities. The Election Committee shall:
a. Formulate election rules and guidelines and recommend to the GA for
approval;
b. Implement election rules and guidelines duly approved by the GA;
c. Recommend necessary amendments to the election rules and
guidelines, in consultation with the Board of Directors, for approval of
the GA;
d. Supervise the conduct, manner and procedure of election and other
election related activities and act on the changes thereto;
e. Canvass and certify the results of the election;
f. Proclaim the winning candidates;
g. Decide election and other related cases except those involving the
Election Committee or its members in accordance with the Guidelines
issued by the CDA, Art. 137 of
Republic Act 9520 and its
Implementing Rules and Regulations; Alternative Dispute Resolution
Act of 1994 and its suppletory laws and circulars issued by the
Cooperative Development Authority, and
h. Perform such other functions as may be delegated by the BOD or
authorized by the GA.
Section 5. Education and Training Committee.
An Education and
Training Committee is hereby created and shall be composed of ________ ( )
members to be appointed by the Board of Directors and shall serve for a
term of one (1) year, without prejudice to their reappointment. Within ten
(10) days after their appointment, they shall elect from among themselves a
Vice-Chairperson and a Secretary. The Vice-Chairperson of the Board of
Directors shall act as the Chairperson of the Committee.
The committee shall be responsible for the planning and
implementation of the information, educational and human resource
development programs of the Cooperative Union for its members, officers
and the communities within its area of operation.
Section 6. Functions and Responsibilities. The Education and Training
Committee shall:
a. Keep members, officers, staff well-informed regarding cooperative’s
goals/objectives, policies & procedures, services, etc.;
b. Plan and implement educational program for coop members, officers
and staff;
c. Develop promotional and training materials for the cooperative; and
d. Conduct/Coordinate training activities.
e. Perform such other functions as may be delegated by the BOD or
authorized by the GA.
Section 7. Mediation and Conciliation Committee. A Mediation and
Conciliation Committee is hereby created and shall be composed of ______( )
members to be appointed by the Board of Directors. Within ten (10) days
after their appointment, they shall elect from among themselves a
Chairperson, Vice-Chairperson and a Secretary who shall serve for a term of
one (1) year or until successors shall have been appointed and qualified. No
member of the Committee shall hold any other position in the Cooperative
Union during his term of office.
Page 9 of 16
Revised March2012
Section 8. Functions and Responsibilities. The Mediation and Conciliation
Committee:
a. Formulate and develop the Conciliation-Mediation Program and ensure
that it is properly implemented;
b. Monitor Conciliation-Mediation program and processes;
c. Submit semi-annual reports of cooperative cases to the Authority
within 15 days after the end of every semester;
d. Accept and file Evaluation Reports;
e. Submit recommendations for improvements to the BOD;
f. Recommend to the BOD any member of the Cooperative Union for
Conciliation-Mediation Training as Cooperative Mediator-Conciliator;
g. Settle the disputes lodged in accordance with the Guidelines issued by
the CDA, Art. 137 of Republic Act 9520 and its Implementing Rules
and Regulations; Alternative Dispute Resolution Act of 1994 and its
suppletory laws and circulars issued by the Cooperative Development
Authority;
h. Issue the Certificate of Non-Settlement after exhaustion of reasonable
efforts to settle the disputes lodged in accordance with the Guidelines
issued by the CDA, Art. 137 of
Republic Act 9520 and its
Implementing Rules and Regulations; Alternative Dispute Resolution
Act of 1994 and its suppletory laws and circulars issued by the
Cooperative Development Authority;
i. Perform such other functions as may be delegated by the BOD or
authorized by the GA.
Section 9. Ethics Committee. An Ethics Committee is hereby created and
shall be composed of _____ members to be appointed by the Board of
Directors. Within ten (10)days after their appointment, they shall elect from
among themselves a Chairperson, Vice-Chairperson and a Secretary who
shall serve for a term of one (1) year or until successors shall have been
appointed and qualified. No member of the Committee shall hold any other
position in the Cooperative Union during his term of office.
Section 10. Functions and Responsibilities. The Ethics Committee shall:
a. Develop Code of Governance and Ethical Standard to be observed by
the affiliates, officers and employees of the Cooperative Union subject
to the approval of the BOD and ratification of the GA;
b. Disseminate, promote and implement the approved Code of
Governance and Ethical Standards;
c. Monitor compliance with the Code of Governance and Ethical
Standards and recommend to the BOD measures to address the gap, if
any;
d. Conduct initial investigation or inquiry upon receipt of a complaint
involving Code of Governance and Ethical Standards and submit
report to the BOD together with the appropriate sanctions in
accordance with the Guidelines issued by the CDA, Art. 137 of
Republic Act 9520 and its Implementing Rules and Regulations;
Alternative Dispute Resolution Act of 1994 and its suppletory laws and
circulars issued by the Cooperative Development Authority;
e. Recommend ethical rules and policy to the BOD;
f. Perform such other functions as may be delegated by the BOD or
authorized by the GA.
Section 11. Other Committees. By a majority vote of all its affiliates, the
Board of Directors may form such other committees as may be deemed
necessary for the operation of the Cooperative Union.
Page 10 of 16
Revised March2012
ARTICLE VI
Officers and Management Staff
of the Cooperative Union
Section 1. Officers and their Duties. The officers of the Cooperative Union
shall include the members of the Board of Directors, Members of the
different Committees created by the General Assembly, General Manager or
Chief Executive Officer, Secretary, Treasurer and members holding other
positions as may be provided for in this by-laws, shall serve according to the
functions and responsibilities of their respective offices as follows:
a. Chairperson – The Chairperson shall:
i.
ii.
Set the agenda for board meetings in coordination with the other
members of the BOD;
Preside over all meetings of the Board of Directors and of the
General Assembly;
Sign contracts, agreements, certificates and other documents on
behalf of the Cooperative Union as authorized by the Board of
Directors or by the GA; and
Perform such other functions as may be authorized by the BOD
or by the GA.
iii.
iv.
b. Vice-Chairperson –the Vice-Chairperson shall:
i.
ii.
Perform all the duties and responsibilities of the Chairperson in
the absence of the latter;
Act as ex-officio chairperson of the Education and Training
Committee; And
Perform such other duties as may be delegated by the BOD.
iii.
c. Treasurer – The Treasurer shall:
i. Ensure that all cash collections are deposited in accordance
with the policies set by the BOD;
ii. Have custody of all funds, securities, and documentations
relating to all assets, liabilities, income and expenditures;
iii. Monitor and review the financial management operations of the
Cooperative Union, subject to such limitations and control as
may be prescribed by BOD;
iv. Maintain full and complete records of cash transactions;
v. Maintain a Petty Cash Fund and Daily Cash Position Report;
and
vi. Perform such other functions as may be delegated by the board
of directors and by the General Assembly.
d. Secretary – The Secretary shall:
i.
ii.
iii.
iv.
v.
vi.
vii.
Keep an updated and complete registry of all affiliates
Prepare and maintain records of minutes of all meetings of the
BOD & the GA;
Ensure that necessary BODs’ actions and decisions are
transmitted to the management for compliance and
implementation;
Issue and certify the list of affiliates who are in good standing
and entitled to vote as determined by the BOD;
Prepare and issue Capital Contribution Certificates;
Serve notice of all meetings called and certify the presence of
quorum of all meetings of the BOD and GA;
Keep copy of the Treasurer’s report & other reports;
Page 11 of 16
Revised March2012
viii.
ix.
Serve as custodian of the cooperative Seal; and
Perform such other functions as may be prescribed be delegated
by the BOD and/or by the GA.
e. General Manager. The General Manager shall:
i.
ii.
iii.
iv.
v.
vi.
vii.
viii.
Oversee the overall day-to-day operations of the cooperative by
providing general direction, supervision, management and
administrative control over all the operating departments subject
to such limitations as may be set forth by the BOD or the GA;
Formulate and recommend in coordination with the operating
departments under his/her supervision, the Cooperative Union’s
Annual and Medium Term Development. Plan, programs and
projects, for approval of the BOD, and ratification of GA;
Implement the duly approved plans and programs of the
Cooperative Union and any other directive or instruction of the
BODs;
Provide and submit to the BODs monthly reports on the status
of the Cooperative Union’s operation vis-a-vis its target and
recommend appropriate policy or operational changes, if
necessary;
Represent the Cooperative Union in any agreement, contract,
business dealings, and in any other official transaction as may
be authorized by the BODs;
Ensure compliance with all administrative and other
requirements of regulatory bodies;
Maintain records and accounts of the Cooperative Union in such
manner that the true condition of its business may be
ascertained therefrom at any time; and
Perform such other functions as may be delegated by the BOD
or by the GA.
Section 2. Liabilities of Directors, Officers and Committee Members.
Directors, officers and committee members, who willfully and knowingly vote
for or assent to patently unlawful acts, or who are guilty of gross negligence
or bad faith in directing the affairs of the Cooperative Union or acquire any
personal or pecuniary interest in conflict with their duties as Directors,
officers or committee members shall be liable jointly and severally for all
damages resulting therefrom to the Cooperative Union, members and other
persons.
When a director, officer or committee member attempts to acquire, or
acquires in violation of his duties, any interest or equity adverse to the
Cooperative Union in respect to any matter which has been reposed in him
in confidence, he shall, as a trustee for the Cooperative Union, be liable for
damages or loss of profits which otherwise would have accrued to the
Cooperative Union.
Section 3. Management Staff. A core management team composed of Chief
Executive Officer, Cashier, Bookkeeper, Accountant, and other position as
may be necessary or as provided for in their Human Resource Manual shall
take charge of the day-to-day operations of the Cooperative Union. The
Board of Directors shall appoint, fix their compensation and prescribe for the
functions and responsibilities.
Section 4. Qualification of the Chief Executive Officer. No person shall be
appointed to the position of Chief Executive Officer unless he/she possesses
Page 12 of 16
Revised March2012
the following qualifications and none of the disqualifications herein
enumerated:
a. Must be familiar with the operation of the Cooperative Union;
b. Must have at least two (2) years experience in the operations of or
related activities;
c. Must not be engaged directly or indirectly in any activity similar to the
operation of the Cooperative Union;
d. Must be of good moral character;
e. Must not have been convicted of any administrative, civil or criminal
cases involving moral turpitude, gross negligence or grave misconduct
in the performance of his/her duties;
f. Must not have been convicted of any administrative, civil or criminal
case involving financial and/or property accountabilities at the time of
his/her appointment; and
g. Must undergo pre-service and/or in-service trainings.
Section 5. Duties of the Bookkeeper. The bookkeeper of the Cooperative
Union who is under supervision and control of the Chief Operating Officer
shall:
a. Records and update books of accounts;
b. Provide assistance in the preparation of reports on the financial
condition and operations of the Cooperative Union monthly, annually
or as may be required by the Board of Directors and/or the general
assembly;
c. Keep, maintain and preserve all books of accounts, documents,
vouchers, contracts and other records concerning the activities of the
Cooperative Union and make them available for auditing purposes to
the Chairperson of the Audit Committee; and
d. Perform such other duties as the Board of Directors may require.
Section 8. Qualifications of Bookkeeper. No person shall be appointed to
the position of bookkeeper unless he/she possess the following qualifications
and none of the disqualifications herein enumerated:
a. Must be knowledgeable in handling bookkeeping and accounting
works;
b. Must have at least two (2) years experience in Cooperative Union or
related activities;
c. Must not be engaged directly or indirectly in any activity similar to the
activity of the Cooperative Union;
d. Must not be convicted of any administrative, civil or criminal case
involving moral turpitude, gross negligence or grave misconduct in the
performance of his/her duties;
e. Must be of good moral character;
f. Must be willing to undergo pre-service and/or in-service trainings in
accounting; and
g. Must not have been convicted of any administrative, civil or criminal
case involving financial and/or property accountabilities at the time of
his/her appointment.
Section 9. Compensation. Subject to the approval of the General Assembly,
the members of the Board of Directors and Committees may, in addition to
per diems for actual attendance to board and committee meetings, and
reimbursement of actual and necessary expenses while performing functions
in behalf of the Cooperative Union, be given regular compensation.
Page 13 of 16
Revised March2012
ARTICLE VII
Structure of Funds
Section 1. Source of Funds. The Cooperative Union may derive its funds
from any or all of the following sources:
a.
b.
c.
d.
Affiliates’ share capital contribution;
Membership dues;
Loans and borrowings;
Subsidies, grants, legacies, aids, donation and such other assistance
from any local or foreign institution, public or private; and
e. Other sources of funds as may be authorized by law.
Section 2. Borrowing. The Board of Directors, upon approval of the General
Assembly, may borrow funds from any source, local or foreign, under such
terms and conditions that best serve the interest of the Cooperative Union.
ARTICLE VIII
Operations
Section 1. Primary Consideration. Adhering to the principle of service, the
Cooperative Union shall endeavor to:
a. Engage in:
i.
ii.
iii.
____________________________________________________
___________________________________________________
___________________________________________________
b. Adopt and implement plans and programs with the end view of
establishing other needed services for the members and the public;
d. Formulate and implement studies and/or programs that will address
the needs of affiliate; and
e. Collect CETF and other dues from its affiliates.
ARTICLE IX
Settlement of Disputes
Section 1. Mediation and Conciliation. All inter and intra-union disputes
shall be settled within the Cooperative Union in accordance with the
Guidelines issued by the Cooperative Development Authority, Art. 137 0f
Republic Act No. 9520 and its Implementing Rules and Regulations,
Alternative Dispute Resolution Act of 2004 and its suppletory laws.
Section 2. Voluntary Arbitration. Any dispute, controversy or claim
arising out of or relating to this By-laws, the cooperative law and related
rules, administrative guidelines of the Cooperative Development Authority,
including disputes involving members, officers, directors, and committee
members, intra-union disputes and related issues, and any question
regarding the existence, interpretation, validity, breach or termination of
agreements, or the membership/general assembly concerns shall be
exclusively referred to and finally resolved by voluntary arbitration under the
institutional rules promulgated by the Cooperative Development Authority,
after compliance with the conciliation or mediation mechanisms embodied in
the by-laws of the Cooperative Union, and in such other applicable laws.
Page 14 of 16
Revised March2012
Article X
Miscellaneous
Section 1. Investment of Funds. The Cooperative Union may invest its fund
in any or all of the following:
a. Shares or debentures or securities;
b. Any reputable bank in the locality or any tertiary federation of which it
is a member and cooperative banks;
c. Securities issued or guaranteed by Government;
d. Real Estate primarily for the use of the Cooperative Union or its
affiliates; or
e. In any other manner approved by the General Assembly.
Section 2. Accounting System. The Cooperative Union shall keep, maintain
and preserve all its books of accounts and other financial records in
accordance with generally accepted accounting principles and practices,
applied consistently from year to year, and subject to existing laws, rules
and regulations.
Section 3. Financial Audit, Performance Audit, and Social Audit. At
least once a year, the Board of Directors shall cause, in consultation with the
Audit Committee, the audit of the books of accounts of the Cooperative
Union, performance audit and social audit by CDA Accredited Independent
Certified Public Accountant, Accredited Social Auditor, and Cooperative
Union’s Compliance Officer/Audit Committee.
Section 4. Annual Report. During the annual regular assembly meeting, the
Cooperative Union shall submit a report of its operation to the general
assembly together with the audited financial statements, performance audit
and social audit reports. The annual report shall be certified by the
Chairperson and Manager of the Cooperative Union as true and correct in all
aspects to the best of their knowledge. The audited financial statements and
social audit reports shall be certified by CDA Accredited Independent
Auditors.
The Cooperative Union shall submit the following reports to the
Authority within (120) days from the end of every calendar year:
a.
b.
c.
d.
e.
f.
Cooperative Annual Performance Report (CAPR);
Social Audit Report;
Performance Report;
Audited Financial Statement duly stamped “Received” by BIR;
List of officers and trainings undertaken/completed;
List of cooperatives which have remitted their respective Cooperative
Education and Training Funds (CETF);
g. Consultancy assistance to include the nature and cost; and
h. Other training activities undertaken specifying therein the nature,
participants, and cost of the activity.
ARTICLE XI
Amendments
Section 1. Amendment of Articles of Cooperation and By-laws.
Amendments to the Articles of Cooperation and this By-Laws may be
adopted by at least two-thirds (2/3) votes of all members with voting rights
without prejudice to the rights of dissenting members to withdraw their
Page 15 of 16
Revised March2012
membership under the provisions of the Philippine Cooperative Code of
2008.
The amendment/s shall take effect upon approval by the Cooperative
Development Authority.
Voted and adopted this _____ day of _______, 20___ in ____________,
Philippines.
Name of Affiliate
Name of
Representative
Signature
We, constituting the majority of the Board of Directors of the
______________________________________________________ do hereby certify that
the foregoing instrument is the Code of By-laws of this Cooperative Union.
Signed this _______ of __________, ___________, in ____________.
____________________
Chairperson
_____________________
Vice Chairperson
____________________
Director
_____________________
Director
___________________
Director
_____________________
Director
Page 16 of 16
