The purpose of the federation is notably:
- to ensure the application of the cooperative basis within the cooperatives and unions which are subsidiaries thereof;
- to provide all necessary assistance for the formation, administration and management of subsidiary unions and cooperatives;
- to promote and develop the cooperative movement as well as cooperation between cooperative organizations;
- to protect and manage the interests of their members with public and private organizations;
- to provide subsidiaries with all necessary services, including educational, administrative, professional, financial and ongoing training of members and to contribute to the realization of their objectives;
- to study the interests of subsidiaries through statistics, and provide them with all information that can improve their operations;
- to offer its subsidiaries its offices in case of disputes;
- to assist its subsidiaries, subject to the specific duties of their bodies, in their monitoring assignments;
- to act as a supervisory authority of the unions and subsidiary cooperatives;
- to trigger the alert, for its subsidiaries, or inform the meeting of unions and subsidiary cooperatives of any observed irregularity;
- To establish a fund to finance audits or external controls of its subsidiaries. The fund shall be
powered by annual dues in proportion to the subscribed shares.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 42
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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