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Cooperatives for prosperity

Mohd. Sulaiman, Aiman @ Nariman and Hingun, Mohsin (2020) Cooperatives for prosperity. The Star.

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On 25 August 2020, the Co-operatives Societies (Amendment) Bill 2020 was tabled for first reading in Parliament with the aim of encouraging the formation of more co-operatives. The Bill does not seem to attract much public attention , probably due to the presence of the more interesting and much anticipated Covid-19 Bill. This is unfortunate as the co-operatives sector has the potential to generate economic growth while doing good. The reform in the Co-operatives Societies (Amendment) Bill 2020 should be taken as the start towards a holistic review of the legal and regulatory framework for cooperative in Malaysia. It is time that we consider a legislative framework for cooperatives societies that will foster the use of cooperatives as a means to ensure inclusive and shared prosperity. At the same time, the legislative framework must also address governance and conflict of interests issues. This requires a relook of the governance and decision-making process of the board and decision-making structure among members.

Item Type: Article (Electronic Media)
Additional Information: 1872/82780
Subjects: K Law > K600 Private Law
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Ahmad Ibrahim Kulliyyah of Laws
Depositing User: Prof Aiman Nariman Mohd-Sulaiman
Date Deposited: 04 Dec 2020 08:43
Last Modified: 04 Dec 2020 08:43
URI: http://irep.iium.edu.my/id/eprint/82780

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