Mutual Benefit Organisations (MBOs) are membership-based entities which provide relief to their members. There are currently 70 MBOs in Singapore.
The MBOs are regulated by the Registry of the Mutual Benefit Organisations, under the Mutual Benefit Organisation Act (Cap 191) and the Mutual Benefit Organisation Rules. As a regulator, the Registry seeks to protect the collective interests of MBO members by promoting prudence and accountability for the use of the MBO funds by the office bearers in the MBOs.
The Registry also promotes sound management and governance of MBOs. This way, people in Singapore will have greater confidence in the MBOs to meet their needs, and lead to some volunteering their time in the governance or administration of the MBOs, thus building a gracious and caring society we call home.
The guidelines and templates for MBOs on the conduct of virtual general meetings were issued on 8 May 2020.
To facilitate the conduct of virtual general meetings by co-operatives, the “COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Charities, Co-operative Societies and Mutual Benefit Organisations) Order 2020” (‘Order’) was issued on 27 April 2020.