No. of cooperatives inspected with minutes of findings transmitted to cooperatives

Target = 867Accomplishment = 974% Accomplishment = 112.34%

As of Dec 31, 2015

General Assembly Minutes should contain the following information:1. Result of election of the Board of Directors and Committee Members;2. Approval of the Development Plan and/or Annual Plan and Budget;3. Presentation and acceptance of Cooperative Annual Progress Report including the AFS, Performance Audit Report, Social Audit Report and List of Officers and Trainings Undertaken /Completed by the GA;;

4. Appointment of the CDA Accredited External Auditor;5. Acceptance of the management and committee report by the GA

On the submitted Audited Financial Statements (AFS): - There were AFS audited by an External Auditor with expired accreditation. (MC 2009-03)

Common findings that may easily be complied with the assistance of CDS IIs and the big brother cooperatives established within the area such as: - The Membership Registry Book does not contain the required minimum information pursuant to MC No. 2012-16;

- Members’ Subscribed and Paid-up shares are not covered by subscription agreement; (Sec. 6 Rule 10 of IRR)

- The cooperative does not issue share capital certificate; (Sec. 7 Rule 10 of IRR)

-The cooperative does not maintain a share and transfer book; (Art. 52 of RA 9520)- The cooperative has no existing Election Rules and Guidelines; (Rule 7 of IRR)

- Election Rules and Guidelines adopted by the cooperative does not include mandatory training requirements for the officers; (MC 2013-02)

- The cooperative has no organizational structure as prescribed under MC No. 2011-07;

The cooperative does not have any of the following:

1. Annual Development Plan; (Art. 33 RA9520)

2. Code of Governance and Ethical Standard, (Rule 7 of IRR)

3. Policies and procedures on Conflict Management ; (Rule 7 of IRR)

4. Continuous education program or human resource development program for its officers, members and employees.

(Rule 7 of IRR)

THANK YOU