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Pasua Assessment 3

The document summarizes the seven principles of cooperation according to the Philippine Cooperative Code of 2008: 1) Voluntary and open membership for all individuals regardless of attributes. 2) Democratic member control where members actively participate in decision making with equal voting rights. 3) Member economic participation where members contribute equitably to capital which is partly common property. 4) Autonomy and independence as self-help organizations controlled by members. 5) Cooperation among cooperatives to serve members effectively through local, national, and international structures. 6) Cooperative education for members, officers, employees, and the public on cooperative principles. 7) Concern for community through sustainable development policies approved by members.

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41 views1 page

Pasua Assessment 3

The document summarizes the seven principles of cooperation according to the Philippine Cooperative Code of 2008: 1) Voluntary and open membership for all individuals regardless of attributes. 2) Democratic member control where members actively participate in decision making with equal voting rights. 3) Member economic participation where members contribute equitably to capital which is partly common property. 4) Autonomy and independence as self-help organizations controlled by members. 5) Cooperation among cooperatives to serve members effectively through local, national, and international structures. 6) Cooperative education for members, officers, employees, and the public on cooperative principles. 7) Concern for community through sustainable development policies approved by members.

Uploaded by

Angelica Galam
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name: Pascua, Ailene M.

Year/ Section: BSBA 2-P

Assessment 3

Based on the “Philippine Cooperative Code of 2008 enumerate the Principles of cooperation
and define each using the link below as reference.

Voluntary and open membership. Membership in a cooperative is voluntary and available to all
individuals regardless of their social, political, racial or religious background or beliefs.

Democratic member control. Cooperatives are democratic organizations that are controlled by
their members who actively participate in setting their policies and making decisions. In primary
cooperatives, members have equal voting rights of one-member, one-vote. Cooperatives at other
levels are organized in the same democratic manner.

Member economic participation. 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.

Autonomy and independence. Cooperatives are autonomous, self-help organizations controlled


by their members.

Cooperation among cooperatives. Cooperatives serve their members most effectively and
strengthen the cooperative movement by working together through local, national, regional and
international structures.

Cooperative education. All cooperatives shall make provision for the education of their
members, officers and employees and of the general public based on the principles of
cooperation.

Concern for community. Cooperatives work for the sustainable development of their
communities through policies approved by their members. This is a new provision

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