COTABATO CITY—Several members of the Parliament on Tuesday introduced a bill that seeks to implement policies for the establishment and organization of cooperatives and social enterprises in the region.
“It shall prescribe the registration requirements, duties and obligations of members, provision of capacity building, monitoring of the same, prescribed fees and charges,” the bill reads.
MPs Abduladzis Esmael, Lanang Ali Jr., Diamla Ramos principally authored the measure with MP Abdulraof Macacau as co-author.
BTA Bill No. 124 aspires to foster the creation and development of cooperatives as a practical vehicle for promoting self-reliance and harnessing people’s power towards the attainment of economic development and justice.
Under the proposed measure, every cooperative should contribute to improving its members’ quality of life through the following:
● Provide goods and services to its members to enable them to attain increased income, savings, investments, productivity, and purchasing power;
● Provide optimum social and economic benefits to its members;
● Teach them efficient ways of doing things;
● Propagate cooperative practices and new ideas in business and management;
● Allow the lower-income and less privileged groups to increase their ownership in the wealth of the nation; and
● Cooperate with the government, other cooperatives, and people-oriented organizations to further attain any of the foregoing objectives.
Other requirements and obligations of a cooperative and social enterprise are subject to the government’s laws and regulations.
If cooperatives fail to comply with and perform their duties and responsibilities to their members and the government, they may be dissolved for reasons indicated in the proposed code. (Publication and Media Relations Division)