Plan to revive co-opsOriel Doyle: wants to see a co-operative investment fund. (Sharon Harding)
By Carlos Atwell | Sun, July 08, 2012 - 12:08 AM
IMPROVED LEADERSHIP and a co-operative bank are two solutions identified to help revive the co-operative movement in Barbados.
President of the Barbados Co-operative & Credit Union League Ltd (BCCULL), Hally Haynes, said, unlike credit unions, co-operatives had not had a high level of qualified management.
“Credit unions are financial co-operatives while the other co-ops are what we call producing co-ops – taxis, fisheries and consumer co-ops – but what has been happening over the years is that we have spent a lot of time developing the credit union movement with paid management and expertise on their boards, as well as concessions.
“What has happened with the non-financial co-operatives is that we need to look at their level of management and expertise as we need to build their capacity in order for them to come up,” he said.Please read the full story in today’s SUNDAY SUN, or in the eNATION edition.
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