Guidance for Cooperative Officers under CDA Memorandum Circular No. 2024-16
The Cooperative Development Authority (CDA) issued Memorandum Circular (MC) No. 2024-16 entitled “Reiteration of the Prohibitions under Articles 45, 48, and 49 of Republic Act (RA) No. 9520″ to serve as guidance to cooperative officers to uphold the best interest of their members pursuant to the universally accepted cooperative principles and to refrain from using their privileges and the cooperative’s financial resources for their personal gains and to benefit their business interests in another company where they have personal investment or interest.
