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The Role Of Voluntary And Open Membership In Increasing The Efficiency Of Cooperative Societies

 

Abstract

This study examines the role of Voluntary and Open Membership Principle in societies. A survey method was used for the study. They were members of NNPC-KRPC Staff Multipurpose Cooperative Society. A 5-item questionnaire was used for the study. The questionnaire was based on liker scale. Four (4) research questions were developed to guide the study. Frequencies and mean scores were used as statistical analysis. Research findings show that Voluntary and Open Membership Principle is well followed can improve societies which can adequately promote the socio economic standard of members. It was recommended that good orientation should be given to members so as to make them abide by the principle.

 

CHAPTER ONE

INTRODUCTION

1. Background of the Study

 

Cooperative is a voluntary organization that is established within the people with common interest in cooperative there are some principles that guided the operation of cooperative business as stated by (ICA 1995). The first among the seven (7) principle is voluntary and open membership which is the area of consideration in this study.

The principle require that membership of any cooperative society should be left open to new intending members without any artificial restriction it means that cooperative societies are non exclusive clubs of a few person or as private companies.

The spirit behind this principle means that in cooperative societies, members have to view properly and business enterprises of the society not in the selfish, egocentric spirit of capitalism but in the cooperative spirit of solidarity and universal brotherhood. The society must be prepared to admit new members, it is like a work of social service to mankind, new members may come in and enjoy the fruits of the society built up by the old and past members.