Mission Statement
“To incorporate and regulate entities registered under the Co-operative Societies, Industrial & Provident Societies, Agricultural Loan Societies & Approved Organizations, Friendly Societies and Charities Acts and Regulations, thereby protecting stakeholders’ interest and enhancing public confidence.”


Vision Statement
“To be the premiere Regulator for Co-operative Societies, Agricultural Loan Societies & Approved Organizations, Industrial & Provident Societies, Friendly Societies and Charities through an enabling regulatory environment that promotes compliance to statutes and international best practices, thereby positioning them as sustainable and vibrant socio-economic entities by 2030.”


Philosophy
The Department is guided by a philosophy to understand and appreciate that its functions are concerned with the lives of people; the awareness of this fact is essential to the satisfactory performance of its duties in attaining the closest possible relationship with its clientele, in order to assist Societies to bring about the economical and social improvements desired. This philosophy coupled with the principles of co-operation and the Associated Practices adopted by the International Co-operative Alliance, with respect to the establishment and operation of Co-operative Societies, assist the Department in fulfilling its objectives.

The principles and practices listed below also influence Friendly Societies, which are essentially co-operative in nature.

• Voluntary and Open Membership

• Democratic Membership Control

• Members Economic Participation

• Autonomy and Independence

• Education, Training and Information

• Co-operation among Co-operatives

• Concern for Community