Code of Governance for credit co-ops
Members of credit co-ops consist of individuals who have entrusted their hard-earned savings to credit co-ops. Good governance is thus important to safeguard credit co-ops’ members’ deposits and maintain members’ confidence and trust. Good governance, when practised by credit co-ops officers, will enable a more resilient, effective and prudent organisation.
The Registry and the Singapore National Co-operative Federation (SNCF) have jointly issued the Code of Governance 2016, which provides useful guidelines to help credit co-op officers carry out their duties in the best interests of the members.
To complement the Code of Governance, the Registry and SNCF have issued the Governance Evaluation Checklist 2016. This Checklist allows credit co-ops to assess their compliance with selected guidelines, better understand its state of governance and work on the areas that require improvements.
Governance guides for credit co-ops