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Mission Statement
“To be the premiere Regulator for Co-operatives, Friendly
Societies, Registered Charities, Agricultural Loan Societies &
Approved Organizations, and Industrial & Provident Societies
through an enabling regulatory environment that promotes
compliance to statutes and international best practices,
thereby positioning them as sustainable and vibrant Socioeconomic
entities by 2030”
Vision Statement
“To register and regulate entities under the Co-operative
Societies Act, Industrial and Provident Societies Act, Agricultural
Loan Societies and Approved Organizations Act, Friendly
Societies Act and Charities Act, thereby protecting
stakeholders’ interests and enhancing public confidence.”
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