(NAR) VOL. 25 NO. 3 / JULY - SEPTEMBER 2014
It is a common practice among transport cooperatives that their respective Chairman or a member of the Board of Directors acted as the cooperative liaison officer or the authorized representative to transact business with the concerned government agencies such as OTC, LTO, LTFRB among others.
This practice is a clear violation of the provision of R.A. 9520 particularly Article 39, Sec. 2 thereof which states that: “The members of the Board of Directors shall not hold any other position directly involved in the day to day operation and management of the cooperative.”
In order to avert such malpractice and accord dignity and respect with the TC Board of Directors, the OTC Board in its regular meeting held last February 26, 2014 passed the following policy/guidelines through Resolution No. 2014-02-09, to wit:
For information and strict compliance
(SGD) MELCHOR V. CAYABYAB
Chairman