Eguria

ESSENTIALS OF CO-OPERATIVE SOCIETIES BY OSOBA - ENAKALI. C. O. CHAPTER NINE   TRADE DISPUTE     Chapter’s Objective After reading through this chapter the student would be able to: (i)                 Understand the meaning of trade dispute (ii)               Know the process of arbitration (iii)             Know how award is enforced. Trade Dispute Defined   Section 55 of the trade union decree of 1973, defines trade dispute as any dispute between employers and workers or between workers and workers which is connected with employment or non-employment or conditions of work of any person. Before a dispute is recognized as a trade dispute within the statutory provision there must be workers on one side or both sides of the dispute. It must be a dispute between workers and employers or between workers and workers. A dispute between employers and employers is not a trade dispute.   A dispute is said to be connected with the employment or non-employment of a per

ESSENTIALS OF CO-OPERATIVE SOCIETIES BY OSOBA - ENAKALI. C. O. CHAPTER EIGHT AUDITING IN CO-OPERATIVES   Chapter’s Objective: After the student had read through this chapter, he/she would be able to: 1.      Identify the need for auditing in co-operative societies. 2.      Know how to effectively manage a newly formed co-operative. 3.      Know under what condition loans could be granted to co-operatives. Functions of the Auditor in Co-operatives The auditing of the activities of the co-operative societies is meant to improve its performance and efficiency. By extension, it is also to safeguard the interest of its members who may have little or no business experience. At an appointed time external auditors visit the co-operative to inspect its activities. As a starting point, the financial transactions of the co-operative are subjected to checking by these auditors who have no personal interest in the co-operative. They scrutinized all the financial entries an

ESSENTIALS OF CO-OPERATIVE SOCIETIES BY OSOBA-ENAKALI. C. O. CHAPTER SEVEN CO-OPERATIVE MEETINGS   Chapter’s Objective   After reading through this chapter, the student would to be able to: 1.      Know how meetings are held in co-operatives. 2.      Know the activities that take place in co-operatives meetings. 3.      Understand the functions and procedures for committee meeting.   The Co-operative Annual General Meeting   The co-operative usually holds its annual general meeting once in a year. The purpose of the meeting is for members to receive and approve the report of the activities of the co-operative during the yea. Accompanying the report is the financial statement of the co-operative. This is to enable the house to decide on how to utilize the surplus generated from the operations of the co-operative.    In addition to the above, the annual general meeting of the co-operative makes it possible for it to conduct election of a committee or committees