- Approval of the decision of the Board of the cooperative and the Supervisory Board in accordance with the statute; - Approval of the development programs of the cooperative; - Approval of the annual accounts and the distribution of gains and losses; - Determination of the amount of shares and other payments and the order of their application; - The acquisition and disposition of property; -
Approval of the types, sizes and conditions of formation and use of the
reserve fund and other funds of the cooperative, limits on
administrative costs; - The entry into other cooperative organizations, unions (associations), associations and exit; - Defining the principles and procedures of the cooperative credit, guarantees the timely return of the allocated credits; - Opening and closing of branches and representative offices; - Reorganization or termination of the cooperative. The
Board ensures that the credit cooperative decisions of the general
meeting and shall manage its activities in the period between general
meetings. It reports to the general meeting of the cooperative and they elected for a period specified by the charter. Board "Agrocredit" will be headed by a chairman elected by the general meeting and who is the chairman of the cooperative. The functions, powers and procedures of the board of the cooperative are determined by its charter. The
Supervisory Board of the cooperative enforces rules and provisions of
the statute and the applicable law in cooperative activities, supervises
the work of the Board, executive management and credit cooperatives,
cooperative members consider appeals in the case of failure to consider
their board or executive management. The
Supervisory Board is accountable to the general meeting of the
cooperative members and is elected for a term to them in accordance with
the statute. The functions and activities of the Supervisory Board are also determined by the cooperative. If
at the general meeting of the co-op formed audit committee (which
should be reflected in the statute), it serves as the supervisory board. Executive management "Agrokredita" is the executive body of the credit cooperative and guide their daily activities. The powers and responsibilities of executive management are defined by the charter. In
accordance with the charter to appoint and dismiss from office the head
of a division executive director and chief accountant. Executive
Director, Chief Accountant as stewards of financial activity and
materially responsible person can not be elected as chairman of the
cooperative, as a member of its Board.
Credit Union
