(Excerpts from Rule 7, Sec. 5 of "2015 Revised
Rules and Regulations Implementing Certain and Special Provisions of the
Philippine Cooperative Code of 2008").
Section 5. Training Requirements for the Officers of the Cooperative.
The following officers of the cooperative regardless of type and size, such as:
1. Board of Directors
2. Secretary
3. Treasurer
4. Election Committee
5. Audit Committee
6. Ethics Committee
7. Mediation and Conciliation Committee
8. Other Committees created by the General/
Section 5. Training Requirements for the Officers of the Cooperative.
The following officers of the cooperative regardless of type and size, such as:
1. Board of Directors
2. Secretary
3. Treasurer
4. Election Committee
5. Audit Committee
6. Ethics Committee
7. Mediation and Conciliation Committee
8. Other Committees created by the General/
Representative Assembly; and
9. General Manager or Chief Executive Officer,
shall be required to undergo a minimum of sixteen (16) hours of training on the fundamentals of cooperatives and another sixteen (16) hours on governance and management of cooperatives within the first half of their term.
Provided, That in the case of micro-cooperatives, they shall only undergo sixteen (16) hours of training on the fundamentals, governance and management of cooperatives.
The content of the training program shall be prescribed by the Authority in consultation with accredited training providers and the cooperative sector.
In addition to the above-mentioned trainings, cooperatives engaged in savings and credit operations shall be required to undergo an additional sixteen (16) hours of specialized training on financial management, risk management, and credit management provided that these cooperatives have at least Five Million Pesos (Php5,000,000.00) worth of deposit liabilities based on the latest Audited Financial Statement of the cooperative.
Cooperative officers shall likewise endeavor to undergo additional appropriate training.
Section 5. Training Provider. The trainings shall be conducted by federations, unions, training institutions, or local cooperative development offices and National Government Agencies (NGAs) duly accredited by the Authority.
Advocacy cooperatives which promote and advocate cooperativism through socially-oriented projects, education and training, research and communication and other similar activities may also be accredited as training providers.
Section 7. Sanction for Non-Compliance with the Training Requirements.
a. Willful failure of the cooperative to comply with the training requirements despite due notice from the Authority shall be ground for non-issuance of Certificate of Compliance for the next succeeding year.
b. Failure of any officer/s of a cooperative to undergo the prescribed trainings shall disqualify said officer/s to hold any elective or appointed position....".
9. General Manager or Chief Executive Officer,
shall be required to undergo a minimum of sixteen (16) hours of training on the fundamentals of cooperatives and another sixteen (16) hours on governance and management of cooperatives within the first half of their term.
Provided, That in the case of micro-cooperatives, they shall only undergo sixteen (16) hours of training on the fundamentals, governance and management of cooperatives.
The content of the training program shall be prescribed by the Authority in consultation with accredited training providers and the cooperative sector.
In addition to the above-mentioned trainings, cooperatives engaged in savings and credit operations shall be required to undergo an additional sixteen (16) hours of specialized training on financial management, risk management, and credit management provided that these cooperatives have at least Five Million Pesos (Php5,000,000.00) worth of deposit liabilities based on the latest Audited Financial Statement of the cooperative.
Cooperative officers shall likewise endeavor to undergo additional appropriate training.
Section 5. Training Provider. The trainings shall be conducted by federations, unions, training institutions, or local cooperative development offices and National Government Agencies (NGAs) duly accredited by the Authority.
Advocacy cooperatives which promote and advocate cooperativism through socially-oriented projects, education and training, research and communication and other similar activities may also be accredited as training providers.
Section 7. Sanction for Non-Compliance with the Training Requirements.
a. Willful failure of the cooperative to comply with the training requirements despite due notice from the Authority shall be ground for non-issuance of Certificate of Compliance for the next succeeding year.
b. Failure of any officer/s of a cooperative to undergo the prescribed trainings shall disqualify said officer/s to hold any elective or appointed position....".
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