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The Cooperative Corner

Atty. Manuel C. Seguerra

 

         

Time flies really fast!  Our association just held its 2003 annual general assembly and election of directors & committee members last January 17, 2003 . Elected were four of the nine directors who will serve for two years. For practical reasons, the term of office of directors is such that four or five of the members are elected every year. This year, the four who were elected are some of the “biggies” in our association, figuratively and literally speaking. Ranked as to number of votes garnered, they are Caloy Landagan, Tino Buenaventura, Aven Tongo and Vic Berrey. One noticeable common denominator among them is that all have once been the president of ARBEX.

 

Also, chosen were three members each of the different committees and will hold office for one year. Elected for the Credit Committee were,  Brenda Noynay, Lorna Aquino and  Rudy Austria; for Audit Committee, Manny Desquitado, Nato Trespeses and Josie Aragon; and for the Election Committee, Hazel C. Pajutagana, Lily Ermino, and Maricel Cardiño.  Congratulations! We all look forward for another fruitful year with you as directors and committee members.

 

In addition, one important issue tackled in the general assembly was the proposed amendment to Article II of the Cooperative’s By-laws on membership. Pursuant to the article, the membership of our association is limited to officers and employees of the Department of Rural Banks, now Supervision and Examination Department IV. However, the Board has received numerous requests/queries regarding acceptance of members from other departments within the BSP. As approved by the Board, a proposal was set before our members, who in a referendum simultaneous with the election, were asked to vote either “Agree” or “Disagree” on the question “Do you agree for the BSP-DRB Credit Cooperative to accept personnel of other departments in the BSP as Associate Members with no right to vote and be voted upon and with rights, privileges and responsibilities as may be approved by the Board of Directors? .

 

Although the “Agree” votes of 97 won by a small margin over the “Disagree  of 88 or by 9, nonetheless, the votes were not enough to meet the required majority number to effect the amendment of the By-laws. There’s a status quo, therefore, as far as the issue is concerned. However, since no clear consensus emerged, I believe it will be good to reconsider the pros and cons of the issue. Being vital, it can be calendared once again for a definite resolution.

 

And, as the past year has been a fruitful one for our Cooperative, we hope that the enthusiasm displayed in the deliberation during the general assembly, a clear demonstration of our serious regard for our cooperative, will bring more rewards for us in terms of patronage and cooperation. Also, it may be a little late, nevertheless, Happy New Year to all!

 

News

      SED IV people…

      ARBEX hold general…

Editorials

       KUDOS

       UPGRADES

Editorial Board

 

HOME

Views

       Breezin’ Through

       Side Notes

       Bottoms Up!

       Samu’t Sari

Legal Nook

 

Director’s Corner

Chairman’s Desk

       Vic Berrey

       Cholay Ocampo

The Cooperative Corner

 

RBAP Zone

 

Features

       Requiem…

       In His Time

        Tribute to Boswald

In Focus

       Doris Cardenas

       Nevillie Vinoya

 

Updates

       Circulars

       Across the Board

References

Previous Issues

 

Feedback