No.

Statements/observations

Weighted mean

Verbal interpretation

1

The board of directors is involved in developing the cooperative strategic plan

4.57

Always

2

The board of directors is responsible to be alert to the need for a new or changed policy

4.06

Often

3

The board of directors is responsible for thoughtfully deliberate issues and policy proposals

4.25

Always

4

The board of directors is actively involved in discussing, reviewing, and ultimately approving the plan of the cooperative

4.11

Often

5

The board of directors creates standards of performance of the top management to achieve their vision and mission statements

4.15

Often

6

The board of directors determine and systematically arranges all the main factors to achieve the goals and objectives of the cooperative

4.40

Always

7

The board of directors direct, guide, and control the top management in formulating, implementing, evaluating, and controlling objectives, policies, and strategies

4.09

Often

8

The board of directors engages in strategic planning to ensure that the cooperative remains financially sound and be able to maintain its reserves

4.12

Often

9

The board of directors has a contingency plan or alternative courses of action if the initial plan does not work

4.16

Often

10

The board of directors makes ways on how to increase the number of their members

4.06

Often

11

The manager assists the directors in developing the overall goals and objectives of the business

4.15

Often

12

The manager designs the operating procedures and makes financial projections

4.06

Often

13

The manager is responsible for making yearly plans and projections

4.09

Often

14

The manager makes annual projections of balance sheets and operating and cash flow statements

4.06

Often

15

The manager sets goals and objectives for the day-to-day operations of the business

4.13

Often

Average weighted mean

4.16

Often