The Ethics Committee shall be composed of three (3) members to be appointed by BOD. Within (10) ten 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 until their successors shall have been appointed and qualifies and without prejudice to their reappointment. No member of the committee shall hold any position in the coop during his/her term of office.
1. Conduct initial investigation or inquiry, upon receipt of a complaint involving violations of the Code of Governance and Ethical Standards.
2. Submit report on its recommendation together with the appropriate sanctions, Provided, that if the remaining members of the BOD fail to act on the report within a period of thirty (30) days, or violation id committed by the majority of the BOD, the Audit Committee shall act on the same.
The cooperative had 53 initial members coming from the local government of Palayan City. It had implemented short term loans for its members to increase its capital. Moreover, the cooperative put up a variety store to intensify its revenue. Similarly, the cooperative was able to construct its own canteen located at Palayan City Hall compound due to the growth of its capital. The cooperative managed to attract 308 employees in 2003 because of its continuous achievements and robust organization.
Today, the cooperative firmly believes that it is their oath to safeguard the interest of its members. Likewise, it is their obligation to extended their assistance to the community.
The cooperative these days offer 3 kinds of services; rental of function hall, canteen & catering services and grocery.
Its function hall entices authorities and experts. Its professional ambiance lures potential customers. Furthermore, sumptuous food of the cooperative seduces clients. As a result, more customers avail of this type of service. Likewise, the cooperative’s grocery offers a variety of goods and basic commodities.
The cooperative is always open for everyone. Besides, it is our intention to provide you the greatest pleasure you deserve. Please, do not hesitate in contacting us. Furthermore, you are all welcome in the cooperative.