Application for registration form. A copy of the By -Law. A resolution of members agreeing to apply for registration. This can be either: a signed resolution from your group that at least 75 per cent of the members applying for registration have agreed to do so, OR if the decision to apply for registration was made at a meeting where the original members passed the required resolutions, the minutes of that meeting. You can return your form and attachments either by email, or post. To email documents, you will need to scan them first.Email: firstname.lastname@example.org Post: Office of the Registrar of Cooperative & Business Development Services PMB 9032 Port Vila Vanuatu What happens when you return your application?
Your application will be checked to make sure it is filled in properly and that the requirements of theCOSO Act are met. If it is not complete we will write to the applicant and the additional information will need to be provided before the application can be registered. ORCBDS will then: Send you a certificate of registration Send you a copy of the approvedBy -Law and Read more information about the COSO Act or call 33390.
Cooperative governance must often be performed in conjunction with other types of governance. The size of the cooperative makes a big difference to how cooperative governance is practiced. In small cooperatives with very little funding and few liquid assets, informal arrangements can work well. Micro to small and medium cooperatives (that is, where income is over VT 10,000,000) need to formalize their practices more if they are to survive and be successful. The trend towards growth in the size coops means that the process of formalizing corporate governance practices as cooperatives grow is important and a key to improving governance in the near future. At the same time, small cooperatives should not be over-burdened with unnecessary red tape. The COSO Act allows for this by streaming cooperative for reporting purposes.
For Micro, Small and medium cooperatives, more formal arrangements need to be in place if the management are doing their job well. The focus of the directors should be on clarifying with members the direction (aims) of the cooperative, then deciding on the best roads to get there (goals) and driving to achieve these aims and goals. The challenge of mapping clearly the direction and the roads that a cooperative society will take is a big job and should not be underestimated. The management also needs to focus on overseeing the implementation of the goals through committee, including having a say in the employment and keeping a constant eye on risks and whether they are being managed well. Management for micro small and medium cooperative businesses need to avoid micromanaging (a common mistake); instead, they should steer. Most cooperatives under the COSO Act have limited liability, which means that members do not usually have to contribute to the debts of the cooperative if it fails. However, directors can be held liable if they have not fulfilled their duties. Other issues, which are increasingly being recognized as important to cooperative businesses, are: