No.

Statements/observations

Weighted mean

Verbal interpretation

1

The board of directors accept and approve management reports and review financial statements

4.29

Always

2

The board of directors complies immediately with the orders and directives of the Cooperative Development Authority

3.92

Often

3

The board of directors ensures acceptable performance in all phases of the business

4.20

Always

4

The board of directors exercises control of the cooperative by keeping themselves informed of the progress of the business

4.25

Always

5

The board of directors interpret trends and results and know when to initiate corrective actions

4.15

Often

6

The board of directors makes sure that standards set are met

4.15

Often

7

The board of directors makes sure that they submit the annual and audited financial reports to the Cooperative Development Authority

4.03

Often

8

The board of directors prevent unauthorized actions and keep the members informed of the progress of cooperatives

4.15

Often

9

The manager ensures satisfactory performance in all phases of the business

4.42

Always

10

The manager ensures that they maintain good and sound financial ratios

4.11

Often

11

The manager executes board policies in the cooperative

4.40

Always

12

The manager keeps an inventory management control system over the assets of the cooperative

3.98

Often

13

The manager measures and evaluates the results of the employee performance

4.13

Often

14

The manager must take corrective actions with regards to the unmet goals and objectives

3.96

Often

15

The manager oversees the physical assets that are critical in accomplishing their cooperative’s goals and objectives

4.15

Often

Average weighted mean

4.15

Often