The Co-operative Act is the legal framework that governs cooperatives in Malaysia. It ensures that cooperatives operate fairly, transparently, and in the best interest of their members.
Purpose of the Act
- Protects members’ rights and interests
- Provides rules for cooperative governance and accountability
- Ensures financial transparency and compliance
- Promotes democratic participation and fair decision-making
Key Provisions
- Membership – Who can join, rights and responsibilities of members
- Governance – Roles of the board, committees, and general meetings
- Finance – Rules for savings, loans, surplus distribution, and audits
- Transparency – Requirement for reporting and member access to information
- Compliance – Alignment with national cooperative regulations and authorities
Why It Matters to Members
- Guarantees fairness and equality in decision-making
- Protects savings, deposits, and investments
- Ensures accountability of leaders and committees
- Provides a clear framework for resolving disputes
- Builds trust in the cooperative’s operations
Member Empowerment
The Act ensures that members have the right to:
- Vote in general meetings
- Access financial and governance reports
- Propose initiatives and raise concerns
Transparency & Accessibility
We are committed to making the Co-operative Act understandable and accessible:
- Summaries, guides, and workshops are available for members
- Full text of the Act can be accessed via official government sources
The Co-operative Act is more than a law — it is the foundation of trust, fairness, and democracy in our cooperative.