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Honorary Members (NEW)

Home Honorary Members (NEW)

Rights and Obligations of an Honorary Member:

An Honorary Member, shall at all times, have the following rights and obligations:-

Liability is limited to the number of shares contributed;
The distribution of dividend is limited to the number of shares contributed in the last period of the current financial year, if less, the distribution on an annual pro-rated basis;
The right to be present and to speak at the Annual General Meeting of the Cooperative, subject to the scope of Honorary Membership, use of the funds of Honorary Members and any business arising with the Cooperative;
To attend and present business projects at the level of the AMC and, if invited, the BOC’s Meeting;
Business priority is given by the cooperative before offering to the public;
Allowed to use the Cooperative infrastructure and facilities subject to the approval of the BOC;
Have access to the Financial Management, Expenditure and Minutes of Meetings Report which is limited to and within the scope of the Honorary Members’ Fund and authorised by the BOC;
Conduct and carry on business with the Cooperative’s business associates or enter into joint ventures with cooperative’s business associates, subject to written consent of the BOC.

Maintains the good name and interest of the Cooperative at all times;
Complies with the provisions of the Cooperative By-Laws and the Rules;
Ensures that responsibilities towards the Cooperative are met;
Prohibited from using the name of the Cooperative in any representation;
Gives priority to the Cooperative in any business ventures; and,
Complies with the undertaking and pledge as an Honorary Member of the Cooperative.

For more information, feel free to contact us at +603 2711 0050/0051.

To register, download form below (Individual or Company/Co-operative), fill in and email to [email protected]

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