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    Amended Rule 7 and 8 of The IRR of RA 9520 PDF

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    Gladys Joy Dimandal Dellomas
    This document outlines the amended implementing rules and regulations of RA 9520 regarding the functions, responsibilities, and training requirements of cooperative directors, officers, and committee members in the Philippines. It discusses the different officers of cooperatives and their roles. It also details the required regular reports for cooperatives, including the annual progress report and its attachments that must be submitted to the Authority. Non-compliance with reporting requirements can result in monetary penalties or dissolution of the cooperative.

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    Amended Rule 7 and 8 of The IRR of RA 9520 PDF

    Uploaded by

    Gladys Joy Dimandal Dellomas
    102 views27 pages
    This document outlines the amended implementing rules and regulations of RA 9520 regarding the functions, responsibilities, and training requirements of cooperative directors, officers, and committee members in the Philippines. It discusses the different officers of cooperatives and their roles. It also details the required regular reports for cooperatives, including the annual progress report and its attachments that must be submitted to the Authority. Non-compliance with reporting requirements can result in monetary penalties or dissolution of the cooperative.

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    Amended-Rule-7-and-8-of-the-IRR-of-RA-9520.pdf

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    This document outlines the amended implementing rules and regulations of RA 9520 regarding the functions, responsibilities, and training requirements of cooperative directors, officers, and committee members in the Philippines. It discusses the different officers of cooperatives and their roles. It also details the required regular reports for cooperatives, including the annual progress report and its attachments that must be submitted to the Authority. Non-compliance with reporting requirements can result in monetary penalties or dissolution of the cooperative.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    102 views27 pages

    Amended Rule 7 and 8 of The IRR of RA 9520 PDF

    Uploaded by

    Gladys Joy Dimandal Dellomas
    This document outlines the amended implementing rules and regulations of RA 9520 regarding the functions, responsibilities, and training requirements of cooperative directors, officers, and committee members in the Philippines. It discusses the different officers of cooperatives and their roles. It also details the required regular reports for cooperatives, including the annual progress report and its attachments that must be submitted to the Authority. Non-compliance with reporting requirements can result in monetary penalties or dissolution of the cooperative.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 27

    AMENDED IMPLEMENTING RULES AND

    REGULATIONS OF RA 9520
    Approved and signed on March 18, 2015

    FE D. CAINGLES
    IDD Director, CDA
    RULE 7 –FUNCTIONS, RESPONSIBILITIES AND
    TRAINING REQUIREMENTS OF DIRECTORS,
    OFFICERS AND COMMITTEE MEMBERS
     Legal Basis
     Article 44 of RA9520

     The functions and responsibilities of the


    directors, officers and committee members,
    as well as their training requirements shall be
    in accordance with the rules and regulations
    issued by the Authority.
    SEC. 2 OFFICERS OF THE COOPERATIVE

    1) Board of Directors
    2) Members of Different Committees created
    by the General Assembly
    3) General Manager or CEO
    4) Secretary
    5) Treasurer
    6) Members holding other positions as maybe
    provided for in their By-laws
    SEC. 3 COMMITTEES OF THE COOP

     Audit
     Election

     Mediation and Conciliation

     Ethics

     Other Committees as maybe necessary for


    the conduct of the affairs of the coop
    FUNCTIONS OF THE BOARD OF DIRECTORS
     Provide over all policy directions
     Formulate development plan
     Review the annual plan and budget and
    recommend for the approval of the RA/GA
     Evaluate the capability and qualifications of
    the External Auditor and recommend to the
    RA/GA for approval
     Appoint and terminate, based on just
    cause , the General Manager or CEO
    FUNCTIONS OF THE BOARD OF DIRECTORS
     Review, monitor and evaluate the
    effectiveness of the programs, projects and
    activities
     Formulate and review the vision, mission
    and goals of the coop
     Establish risk management system
     Establish performance evaluation system at
    all levels
     Review and approve the organizational and
    operational structures
    FUNCTIONS OF THE BOARD OF DIRECTORS

     Appoint the members of the mediation and


    Conciliation Committee, Ethics Committee,
    Education and Training Committee and Other
    Officers as specified in the by-laws of the
    coop
     Establish policies and procedures for the
    effective operations and ensure its proper
    implementation
    FUNCTIONS OF THE BOARD OF DIRECTORS
     Decide election related cases involving the
    election committee and its members
     Acts on the recommendations of the ethics
    committee on cases involving violations of
    the Code of Governance and Ethical
    Standards
     Ensure compliance by the coop with the
    regulations of the Authority and other
    Statutory requirements
    FUNCTIONS OF THE BOARD OF DIRECTORS

     Report to the GA/RA the performance and


    achievements of the coop
     Present to the GA/RA policies which
    require confirmation as provided under
    the law, the coop by-laws and regulations
     Present to the GA/RA the financial, social
    and performance reports
    TRAINING REQUIREMENTS OF THE OFFICERS

     All officers of the cooperative are required to


    undergo a minimum of sixteen (16) hours of
    training on the fundamentals of cooperatives
    and another sixteen (16) hours on
    governance and management of coops within
    the first half of their term.
    TRAINING REQUIREMENTS OF THE OFFICERS

     For Micro Cooperatives


    The officers are only required to undergo
    sixteen (16) hours of training on the
    fundamentals, governance and management of
    cooperatives.
    The content of the training program shall be
    prescribed by the Authority in consultation with
    the accredited training providers.
    TRAINING REQUIREMENTS OF THE OFFICERS

     Cooperatives engaged in savings and credit


    operations which have at least Five Million
    Pesos (Php5,000,000.00) worth of deposits
    liabilities , their officers are required to
    undergo an additional sixteen (16) hours of
    specialized trainings on financial
    management, risk management and credit
    management.
    WHO WILL CONDUCT THE TRAINING ?

     The trainings shall be conducted by an


    accredited training providers such as :
     Federations

     Unions

     Training Institutions,

     Local Development Offices

     National govt. Agencies


    SANCTIONS FOR NON COMPLIANCE

     Willful failure of the coop to comply with the


    training requirements despite due notice from
    the Authority shall be a ground for non-
    issuance of Certificate of Compliance for the
    next succeeding year.
    TRAINING REQUIREMENTS OF THE OFFICERS

     Failure of any officer/s of a coop to undergo


    the prescribed trainings shall disqualify said
    officer’s to hold any elective or appointive
    position.
    RULE 8 – REPORTS REQUIRED FOR
    COOPERATIVES
    LEGAL BASIS
     Art. 53 of RA9520
     Required Regular Reports
     Cooperative Annual Progress Report (CAPR)
    with the following attachments:
    > Audited Financial Statements
    > Social Audit Report
    > Performance Audit Report, including copies of the
    semi annual report on Mediation and Reconciliation as
    received by the Authority
    > List of Officers and Trainings
    Undertaken/Completed
    REQUIRED REPORTS

     For Electric Cooperatives


    Required to submit list of members issued
    with share capital certificate in addition to
    CAPR including its attachments
    ADDITIONAL ATTACHMENT FOR FEDS AND
    UNIONS
     List of Affiliates which remitted their CETF
     Business consultancy assistance , its nature
    and cost , including the use of CETF
     Other Training activities undertaken
    specifying the nature, participants and cost of
    activity
    MODE OF FILING THE REPORTS

     Personal Delivery
     Registered Mail

     Courier Service

     Electronic Means

    To be submitted within 120 days and the date


    of mailing shall be considered the date of
    filing.
    MODE OF FILING THE REPORTS

     For electronic means, a printed copy of the


    electronically submitted report shall be
    submitted to the Authority within five (5) days
    from the date of transmission.
    FORM OF THE REPORTS

     Typewritten or Printed in a form prescribed


    by the Authority, duly certified by the
    Accountable Officers.
    DELAY IN FILING THE REPORT

     Delay shall commence on the day following


    the last day prescribed for filing the report.
     Partial compliance shall be considered non
    compliance and the coop shall be in delay
    until fully complied with.
    SANCTIONS FOR NON FILING OF REPORTS

     Php100.00 per day of delay


     The Authority may dissolve /revoke , after
    due process, the registration of the coop
    EXEMPTED FROM MONETARY PENALTY

     Micro Cooperatives with Assets of Three


    Million Pesos (Php3,000,000.00) and below
    .
     But cannot be issued Certificate of
    Compliance for non submission of the
    required reports
     The Accountable Officers. For this
    purpose, Accountable Officers shall refer to
    the employees/officers of the cooperative
    who are authorized to prepare and
    certify/approve the reports and in whose fault
    or negligence the delay/failure is attributable.
    END OF PRESENTATION

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