ACDI MPC General Assembly Sets Stage for the "Fullest Participation of its Members"
Emphasizing the "fullest participation of all its members", ACDI Multipurpose Cooperative (MPC) will be conducting its General Assembly on February 17 until March 19 in 22 different areas nationwide.
The General Assembly and Election is held yearly by ACDI MPC to gather all its qualified regular members and appraise them of the Cooperative's performance during the past year.
General assembly, according to Section 2 of Rules and Regulations Implementing Certain Provisions of Republic Act 9520 of Cooperative Development Authority (CDA), "shall refer to the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives, as provided by this Code, its Cooperation and By-laws." This is also being held by cooperatives as they uphold to one of Coop principles - the democratic control. This gives the member control over the affairs of the cooperative which includes the right of the members to choose and elect their officers and to actively participate in setting policies and making collective decisions.
With ACDI MPC's vision to become the leading Cooperative in the Philippines, ACDI MPC started its humble beginnings with P200,000 seed capital and now it has become a multi-billionaire Cooperative with P12Biliion Total Assets. From 26 incorporators, its membership increased to 89,650 and continuously growing nationwide. It has also become a recipient of various awards from the CDA. It was declared as the Largest Cooperative in the Philippines in terms of assets during the CDA's National Convergence of Billionaire and Top Millionaire Cooperatives, and recently, it was recognized for its Remarkable Cooperative Solidarity and Partnership Program during the 2014 CDA Gawad Parangal as it continuously build and strengthen network linkages with other cooperatives and implement activities that promote cooperation among cooperatives.
The Cooperative became a vehicle for social transformation as it upholds its principles which set as its guidelines in putting its values into practice. It recognizes each of the detailed commitments it undertakes as it continuously provides a pathway to "fullest participation of all its members".