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 |