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PWU-CDCEC CALAMBA

ALVA CENTER ROSAL ST. BRGY. UNO, CROSSING CALAMBA CITY, LAGUNA
Contact No.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. No: (049) 508-1963/
(02)420-8209

Chapter 1

THE PROBLEM AND ITS BACKGROUND
Introduction
Corporate Social Responsibility is the new “religion” in business.
Investor-owned companies are now rushing to compete on the basis of who
is more socially responsible, or who can best deliver its responsibility.
Social responsibility is the obligation of organization to make decision
and take actions that will enhance the welfare and interest of society as well
as the organization. Social responsibility is quite important to the society,
organization and human. There are several reasons to support the
importance of social responsibilities. It is related to the ethical responsibility,
and differentiates into difference level of social responsibilities, which is
economic, legal, ethical and philanthropic responsibility. There are six main
areas of social responsibility, the employees, providers of finance, consumer,
community and environment, and other organizations or groups.
For cooperative, social responsibility is their nature. As member-owned
and democratically-controlled enterprises, cooperative has a different and
unique approach to social responsibility. The view among cooperative
enterprises is that social responsibility is something which is a voluntary and
natural function of all cooperatives emanating from their values and
principles.

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PWU-CDCEC CALAMBA
ALVA CENTER ROSAL ST. BRGY. UNO, CROSSING CALAMBA CITY, LAGUNA
Contact No.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. No: (049) 508-1963/
(02)420-8209

The movement of cooperative social responsibility has given the
impetus to shift from simply doing good things in the community to one that
embrace the notion of improved accountability to stakeholders and the need
to explain themselves, and to maintain a license to operate. The idea of
social responsibility has opened up new understanding that all cooperative
organizations affect far more members than was perhaps realized in the past
and that these stakeholders have a legitimate right to at least know what is
going on, or even have some influence on them.
Cooperatives are known for their commitments to social responsibility.
According

to

Republic

Act

No.

9520

also

known

as

Philippine

Cooperative Code of 2008, cooperative should practiced transparency and
accountability. The cooperative are required to submit social responsibility
audit to the Cooperative Development Authority (CDA).
Cooperative Development Authority (CDA) was created by virtue of
Republic Act No. 9520 in compliance with the provision of Section 15,
Article XII of the Philippine Constitution of 1987 which mandates Congress to
create an agency to promote the viability and growth of cooperatives as
instruments for equity, social justice and economic development. CDA is the
lead government agency in the registration, regulation, promotion and
development of cooperatives.
Cooperatives are defined as “autonomous associations of persons
united voluntarily to meet their common economic, social and cultural needs

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CROSSING CALAMBA CITY. Its membership is about 1. Drive. Now. BRGY. No: (049) 508-1963/ (02)420-8209 3 and aspirations through a jointly-owned and democratically. No.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. Lamesa. UNO. Light Industry and Science Park II. openness – values that a cooperative holds. honesty.600 individuals all regular employees of STMicroelectronics Inc. 9 Mt. Through . it won most outstanding cooperative in Laguna conferred by the Cooperative Development Authority. the members are afforded the opportunity to see a functioning democracy and at work. financial and social responsibility. In 2007. Through the dynamic workings of the cooperative structures. to practice social responsibility and the caring for others. The cooperatives’ organizational structures are good training grounds for productive citizenship. Laguna. to learn the enabling endowment of the value of self-help and self-responsibility. STMC stands tall as landmark of cooperative endeavors in Laguna. making it number two in Laguna based on total asset as of December 31. and ST-Ericsson Philippines Inc.controlled enterprises”. Brgy. Calamba City. and presently it renders credit services. and of solidarity. 2012. to understand in a non-abstract way equality and equity. Sulong sa Tagumpay Muliti-Purpose Cooperative is one of the most viable and stable institutional based cooperative in the Region IV. LAGUNA Contact No. Sulong sa Tagumpay Multi-Purpose Cooperative (STMC) has already gone a long way — from the time when it took roots in Philips Semiconductors Calamba. coop education and training. It offers a wide range of basic services to its stakeholders.PWU-CDCEC CALAMBA PAGE ALVA CENTER ROSAL ST.

PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. BRGY. the community gains. The principles identify and fastidiously distinguish the cooperatives as business enterprises and people’s organizations.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. No: (049) 508-1963/ (02)420-8209 their active participation. so distinct from any other businesses or community organizations. and invariably spell the cooperative difference. LAGUNA Contact No. CROSSING CALAMBA CITY. Theoretical Framework This study is anchored on the code of social responsibility. Cooperatives trace the roots of these principles PAGE 4 . adopted by the International Cooperative Alliance in 1995. And through these members. who in turn become purveyors and missioners of these values to the community. Through this theory social audit reports has been established. in a way that is incarnate and authentic. Cooperatives around the world generally operate according to the same core principles and values. without being lost in the maze of their own operations. These principles are the empowering framework by which cooperatives move on in their daily activities. They make for the cooperatives’ uniqueness. These are also the energizing tools upon which the cooperatives look and grasp the future and assuredly cope up with the future’s concomitant complications. earns its peace. UNO. and becomes a better place for all. the members in consequence assimilate the essences of these values. The code of social responsibility framework runs through with the seven cooperative principles.

Second Principle is democratic member control. CROSSING CALAMBA CITY. political affiliation and religious beliefs. The economic participation of the members in STMC is a three-sided affair. (d) the plowing back of PAGE 5 . social status and cultural preferences. equal voting rights. England in 1844. it most importantly integrates in the idea of democracy. This principle affirms the fundamental importance of people choosing by their own volition to make commitments to their cooperatives. race. (c) the building-up of the collectively owned reserves. however. These principles are also embodied in RA9520. the fostering itself and the promotions of the spirit of democracy within the organization. LAGUNA Contact No. This further affirms the universally accepted general commitment to recognize the fundamental dignity of all persons regardless of gender. democracy is not only about rights and obligations of members. The first side is the members’ capital contribution. UNO. (b) putting in of savings deposits. — and to obligations. No: (049) 508-1963/ (02)420-8209 to the first modern cooperative founded in Rochdale. which comes in four ways: (a) the subscription of share capital. In STMC. etc. BRGY. as long as they have uses for their cooperative’s products and services and are willing to accept the obligations of membership. Approved and enacted into law in 2008.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. Democracy generally refers to rights — the right to vote and be voted upon. The third principle is Member economic participation. These principles are: Voluntary and open membership.

Training also includes preparing the young for leadership positions and good citizenship in the future. Education is engaging the minds of members. Fourth principle is autonomy and independence. LAGUNA Contact No. The second side is the members’ enjoyment of the fruits out of the usage of the products and services of the cooperative. CROSSING CALAMBA CITY. UNO. and the inadequacy of their personal . BRGY. and (e) participation in special fund campaigns for special projects. training and information. effectively and responsibly.PWU-CDCEC CALAMBA PAGE ALVA CENTER ROSAL ST. This principle addresses the essential nature of STMC to be autonomous. Training means making sure that all those who are. elected officers. It has to be recognized that cooperators have in common their individual vulnerability and powerlessness in the marketplace. in the same way that businesses controlled by capital are autonomous in their dealings with government or with other businesses. in various ways. Education and training are vital components of STM’s’ life. This means vigilance. No: (049) 508-1963/ (02)420-8209 6 dividends in the form of new shares.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. Fifth principle is Education. either with government or with other business entities. When it enters into agreements. managers and employees to comprehend fully the complexity and richness of cooperative thoughts and actions. involved in cooperatives have or are fully provided with skills that are required to carry out their functions efficiently. cooperatives have to define in very clear terms that relationship with them. Sixth principle is Cooperation among cooperatives. of its independence. in one way or another.

CROSSING CALAMBA CITY. Because of this reason. For cooperation to be practiced by economically vulnerable people. However.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. mergers or joint ventures. LAGUNA Contact No.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. they carry with them a very strong affinity with the communities of the members. by way of large-scale business enterprises that can have real impact on the members and the community. cooperatives must enter into practical and rigorous collaboration with other cooperatives. to organize themselves into cooperatives. the only way is for them to act together. as they raise the challenge of how the cooperatives conform to the directions and practices as suggested by the integrated application of all the principles. Beyond are so much more. No: (049) 508-1963/ (02)420-8209 wealth to meet their needs for subsistence and welfare. BRGY. They equally raise the question of how the cooperatives can better carry out their work in conformity with the directions suggested in each of the principles. To achieve full potential. STMC exist primarily for the benefit of its members. This can be done through alliances. The seventh and last cooperative principle is Concern for community. They are guidelines upon which the stakeholders continuously evaluate the cooperative in a more socially responsible way. cooperatives can only achieve much on a local level — this one has to be recognized. The seven principles are not simply measuring sticks. UNO. That is one of the essences of cooperatives. Cooperatives are independent of government and other private businesses and for social responsibility to be accepted by a conscientious PAGE 7 .

ethical and philanthropic. UNO. a business management professor at the University of Georgia: “The social responsibility of business encompasses the four kinds of social responsibilities: economic. No: (049) 508-1963/ (02)420-8209 business person.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. it should be framed in such a way that the entire ranges of business responsibilities are embraced.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. legal. Archie Carroll (2000). CROSSING CALAMBA CITY. LAGUNA Contact No. BRGY. these four categories or components of social responsibility might be depicted as a pyramid. Figure 1. Furthermore. “The Pyramid of Corporate Social Responsibility PAGE 8 .

No: (049) 508-1963/ (02)420-8209 At the most basic level. and standards Although economic that guide and legal responsibilities embody ethical norms about fairness and justice. businesses are also expected to obey all laws and regulations. shareholders. and the community regard as fair. Business behaviour in ethics the comprises principles world of business. but they are appropriately seen as coexisting with economic responsibilities as fundamental precepts of the free enterprise system. Ethical responsibilities embody those standards. just. or in keeping with the respect or protection of stakeholders' moral rights. Legal responsibilities reflect a view of "codified ethics" in the sense that they embody basic notions of fair operations as established by our lawmakers. and contribute goods and services to the economy.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. BRGY. norms. create jobs for the community. UNO. employees. philanthropic responsibility refers to activities that are not required of business but promote human welfare or goodwill. Finally.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. They are depicted as the next layer on the pyramid to portray their historical development. or expectations that reflect a concern for what consumers. Of course. CROSSING CALAMBA CITY. ethical responsibilities embrace those activities and practices that are expected or prohibited by societal members even though they are not codified into law. Philanthropy encompasses those corporate actions that are in response to society’s PAGE 9 . companies have an economic responsibility to be profitable so that they can provide return on investment to their owners or investors. LAGUNA Contact No.

UNO. No: (049) 508-1963/ (02)420-8209 expectation that businesses be good corporate citizens. INPUT Code of Social Responsibility of STMC OUTPUT based on the Seven Cooperative Principles • Open & Voluntary Membership • Democratic Members’ Control • Members’ Economic Participation • Autonomy & Independence • Education. and employee time to humanitarian programs or purposes.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. LAGUNA Contact No. Based from the above-cited theoretical framework. facilities. Training & Information • Cooperation Among Cooperatives • Concern for Community Promotion of the Welfare of Stakeholders based on the four components of social responsibility • Economic Responsibility • Legal Responsibility PROCESS • Identification of the problems Data Analysis • Data Collection and Organization Comparative Analysis • Difference in assessments on observance of CSR Correlation Analysis • Relationship between observance of CSR and promotion of welfare of stakeholders of STMC Developed Guidelines on Managing Social Responsibilities PAGE 10 . but they do not regard the firms as unethical if they do not provide the desired level. This includes actively engaging in acts or programs to promote human welfare or goodwill.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. Communities desire firms to contribute their money. The distinguishing feature between philanthropy and ethical responsibilities is that the former are not expected in an ethical or moral sense. philanthropy is more discretionary or voluntary on the part of businesses even though there is always the societal expectation that businesses provide it. CROSSING CALAMBA CITY. Therefore. BRGY. the proponents of the study have conceptualized his research as shown in the figure given below.

data analysis with regards to data collection and organization. On the second block are the processes conducted in the study. No: (049) 508-1963/ (02)420-8209 Feedback Figure 2 Paradigm of the study The researcher made use of the paradigm of the study as shown in Figure 2 to formulate Guidelines for managing social responsibility. CROSSING CALAMBA CITY. LAGUNA Contact No. BRGY. comparative analysis. UNO. The first block are the inputs of the study which contain the code of social responsibility based on the seven cooperative principles. The expected output of the study is to develop guidelines managing social responsibilities.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. it includes problem identification. to compare the assessments of the officers and members on the observance of code of social responsibility and lastly the correlation analysis to compare the relationship of code of social responsibility and the stakeholders welfare. It also includes the promotion of the welfare of stakeholders based on the four components of Social Responsibility. Statement of the Problem PAGE 11 .

: 0922-821-6938/0939-904-3185/0917-527-5465 Tel.7 concerns for community 2.4 autonomy and independence 1. training and information 1.1 Economic responsibility 3. LAGUNA Contact No. UNO.5 education.6 co-operations among cooperatives 1. BRGY.2 Legal responsibility PAGE 12 . How is the code of social responsibility at Sulong sa Tagumpay Multi-purpose Cooperative (STMC) assessed by its officers and members observed in terms of the following cooperative principles: 1.1 open and voluntary memberships 1. Is there a difference in the assessments of the two groups of respondents on the observance of the code of social responsibility along the above mentioned aspects? 3. Specifically.3 member’s economic participation 1. No: (049) 508-1963/ (02)420-8209 This study aimed to make an intensive study of Sulong sa Tagumpay Multi-Purpose Cooperative observance of its code of social responsibility for the welfare of its stakeholders.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. How is the welfare of its stakeholders promoted in terms of the following social responsibility components: 3.2 democratic members control 1. CROSSING CALAMBA CITY. it sought answers to the following questions: 1.

PAGE 13 . If time comes he becomes a Manager or a Board of Director. CROSSING CALAMBA CITY. what action plan can be proposed to further improve the observance of the code of social responsibility? Significance of the Study The researcher deems that the following would benefit from the current study: Researcher. BRGY.3 Ethical responsibility 3.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. the knowledge he gains from the study would give him deeper understanding of the reasons why it is important to be socially responsible.4 Philanthropic responsibility 4.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. Based on the findings of the study. The study would give him ideas on how important the Code of Social Responsibility in cooperative. LAGUNA Contact No. UNO. No: (049) 508-1963/ (02)420-8209 3. To what extent is the observance of the code of social responsibility for cooperative related to the promotion of the welfare of the stakeholders of ST Multi-purpose cooperative? 5.

Scope and Limitation of the Study This study discusses the observance of the code of social responsibility of Sulong sa Tagumpay Multi-purpose Cooperative. but as human beings to be respected and whose well‐being matters. This PAGE 14 . This may also serve as their basis for other research work related to social responsibility and stakeholder’s welfare. Future Researcher. this study will serve as an eye opener to the management to understand and realize the essence of social responsibility and its impact to the organization. The Coop Members. The study may provide empirical evidence of a current scenario which they want to further explore and study in the future. UNO. In addition. The Staff. LAGUNA Contact No. cooperatives have since their foundations always favored education and training so that employees feel considered not only as a workforce.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. Regarding their employees. involves the Officers and members of the cooperative. The study will encourage the members to development and support a wide range of social and cultural initiatives. No: (049) 508-1963/ (02)420-8209 The Company. The study may provide accurate information on the evaluation of Code of Social Responsibility in the company as observed by the employees. CROSSING CALAMBA CITY. BRGY.

It can be separate account within the stakeholder’s equity section of the balance sheet. of course. It is commonly known as paid-up capital. LAGUNA Contact No. to look at how the STMC performs in the most comprehensive way.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. the objectives of the whole exercise and the objectives of each area of concern and the measurement methodologies. It is defined as “autonomous associations of persons united voluntarily to meet their common economic. It comes from the verb to cooperate. It is good. Capital Contribution. social and cultural needs PAGE 15 . and to disclose the results in a transparent manner. It refers to the obligation of organization to account for its activities. CROSSING CALAMBA CITY. BRGY.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. Accountability. Cooperativism. The scope and focus includes the areas of decisions and actions. No: (049) 508-1963/ (02)420-8209 A social responsibility begins by defining the scope and focus of the entire procedure. that also means to work together with people to realize the same objective. UNO. Cooperatives. It also includes the responsibility for money or other entrusted property. The scope and focus may incorporate all the areas of decisions and actions that are of concern to social responsibility at STMC. or it can be split between additional paid in capital account and a common stock account. accept responsibility for them. Definition of Terms To facilitate better understanding of the study the following terms are define operationally.

No: (049) 508-1963/ (02)420-8209 and aspirations through a jointly-owned and democratically controlled enterprises. just.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. PAGE 16 . UNO.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. you are paid a portion of the cooperative’s earnings. It refers to the ultimate goal of any business to make a profit and create shareholder value by providing goods and services that people want to buy or invest in. It refers to the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. training. shareholders. BRGY. LAGUNA Contact No. education. It means fundamental to highlight the cooperative difference and represents members and governance. Democracy. Dividend. Criteria include democratic participation. diversity. This means that for every share you own. or expectations that reflect a concern for what consumers. Ethical Responsibilities. CROSSING CALAMBA CITY. Board representation. Economic Responsibility. It means to conduct oneself in accordance with the rights. or in keeping with the respect or protection of stakeholders' moral rights Good Citizenship. employees. duties. dividends and satisfaction. norms. Corporate Social Responsibility. It Involves those standards. and privileges of being inhabitant of a geographical location by means of birth or naturalization. and the community regard as fair.

BRGY. No: (049) 508-1963/ (02)420-8209 Institutional Based Cooperative. CROSSING CALAMBA CITY. it enables the organization to develop a process within. It refers to guidelines by which cooperative put their values in to practices. It refers to cooperative that established by the member of a private corporation.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. Self-Help Organization. This process creates an ethic that focuses on savings first. report on that performance and draw up an action plan to improve that performance. LAGUNA Contact No. It refers to the procedure that simply looks on a business organization’s own currently running documentation and reporting. PAGE 17 . It pertains a view of "codified ethics" in the sense that they embody basic notions of fair operations as established by our lawmakers.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. It operates inside the company. It is define as a group of people who come together to form savings and credit organization. Their members are all regular employees who voluntarily joined the cooperative. Philanthropic Responsibilities. Principles. It is the return of profits to the member customer. Yet: it allows the organization to assess its social impact and ethical performance vis-à-vis its stated vision-mission-goals. UNO. Legal responsibilities. It encompasses those corporate actions that are in response to society’s expectation that businesses be good corporate citizens. whereby it can account for its social performance. Patronage Refund. Social Audit.

: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. training and information PAGE 18 . Specifically.4 autonomy and independence 1. It Means cooperative are based on the values of self-help.5 education. social responsibility and caring for others. Refer to Officers and members of Sulong sa Tagumpay Multi-Purpose Cooperative. Values. co-cooperative members believe in the ethical values of honesty. How is the code of social responsibility at Sulong sa Tagumpay Multipurpose Cooperative (STMC) assessed by its officers and members observed in terms of the following cooperative principles: 1.2 democratic members control 1. selfresponsibility.1 open and voluntary memberships 1. UNO.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. democracy. No: (049) 508-1963/ (02)420-8209 Sustainable Development. equality. Statement of the Problem This study aimed to make an intensive study of Sulong sa Tagumpay Multi-Purpose Cooperative observance of its code of social responsibility for the welfare of its stakeholders. BRGY. openness. it sought answers to the following questions: 1. In the tradition of their founders. LAGUNA Contact No. equity and solidarity. It refers to the development that meets the needs of the present without compromising the ability of future generations to meet their own needs.3 member’s economic participation 1. Stakeholders. CROSSING CALAMBA CITY.

BRGY.3 Ethical responsibility 3. UNO. the knowledge he gains from the study PAGE 19 .4 Philanthropic responsibility 4. Based on the findings of the study. CROSSING CALAMBA CITY.2 Legal responsibility 3. How is the welfare of its stakeholders promoted in terms of the following social responsibility components: 3. Is there a difference in the assessments of the two groups of respondents on the observance of the code of social responsibility along the above mentioned aspects? 3. To what extent is the observance of the code of social responsibility for cooperative related to the promotion of the welfare of the stakeholders of ST Multi-purpose cooperative? 5.1 Economic responsibility 3. If time comes he becomes a Manager or a Board of Director.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST.6 co-operations among cooperatives 1. LAGUNA Contact No. what action plan can be proposed to further improve the observance of the code of social responsibility? Significance of the Study The researcher deems that the following would benefit from the current study: Researcher. The study would give him ideas on how important the Code of Social Responsibility in cooperative. No: (049) 508-1963/ (02)420-8209 1.7 concerns for community 2.

Future Researcher. but as human beings to be respected and whose well‐being matters. The Coop Members.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. The study will encourage the members to development and support a wide range of social and cultural initiatives.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. No: (049) 508-1963/ (02)420-8209 would give him deeper understanding of the reasons why it is important to be socially responsible. The study may provide accurate information on the evaluation of Code of Social Responsibility in the company as observed by the employees. cooperatives have since their foundations always favored education and training so that employees feel considered not only as a workforce. This may also serve as their basis for other research work related to social responsibility and stakeholder’s welfare. this study will serve as an eye opener to the management to understand and realize the essence of social responsibility and its impact to the organization. UNO. Regarding their employees. CROSSING CALAMBA CITY. The study may provide empirical evidence of a current scenario which they want to further explore and study in the future. The Company. BRGY. Scope and Limitation of the Study This study discusses the observance of the code of social responsibility of Sulong sa Tagumpay Multi-purpose Cooperative. The Staff. In addition. This PAGE 20 . LAGUNA Contact No. involves the Officers and members of the cooperative.

Capital Contribution. It is defined as “autonomous associations of persons united voluntarily to meet their common economic. It is good. Accountability. social and cultural needs PAGE 21 . It also includes the responsibility for money or other entrusted property. of course. the objectives of the whole exercise and the objectives of each area of concern and the measurement methodologies. and to disclose the results in a transparent manner. It comes from the verb to cooperate. The scope and focus includes the areas of decisions and actions. Cooperatives.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. CROSSING CALAMBA CITY. accept responsibility for them. that also means to work together with people to realize the same objective. No: (049) 508-1963/ (02)420-8209 A social responsibility begins by defining the scope and focus of the entire procedure. or it can be split between additional paid in capital account and a common stock account. It can be separate account within the stakeholder’s equity section of the balance sheet.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. LAGUNA Contact No. Definition of Terms To facilitate better understanding of the study the following terms are define operationally. It is commonly known as paid-up capital. It refers to the obligation of organization to account for its activities. Cooperativism. UNO. to look at how the STMC performs in the most comprehensive way. The scope and focus may incorporate all the areas of decisions and actions that are of concern to social responsibility at STMC. BRGY.

It refers to the ultimate goal of any business to make a profit and create shareholder value by providing goods and services that people want to buy or invest in. CROSSING CALAMBA CITY. It means to conduct oneself in accordance with the rights. and the community regard as fair. just. training. or in keeping with the respect or protection of stakeholders' moral rights Good Citizenship.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. This means that for every share you own. It means fundamental to highlight the cooperative difference and represents members and governance. It refers to the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. or expectations that reflect a concern for what consumers. LAGUNA Contact No. and privileges of being inhabitant of a geographical location by means of birth or naturalization. BRGY. diversity. duties. norms. you are paid a portion of the cooperative’s earnings. It Involves those standards. No: (049) 508-1963/ (02)420-8209 and aspirations through a jointly-owned and democratically controlled enterprises. UNO. Democracy. Dividend. employees.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. Criteria include democratic participation. PAGE 22 . Ethical Responsibilities. shareholders. Board representation. Corporate Social Responsibility. education. dividends and satisfaction. Economic Responsibility.

It refers to guidelines by which cooperative put their values in to practices.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. UNO. it enables the organization to develop a process within. This process creates an ethic that focuses on savings first. whereby it can account for its social performance. report on that performance and draw up an action plan to improve that performance. It operates inside the company. No: (049) 508-1963/ (02)420-8209 Institutional Based Cooperative. BRGY. Social Audit. Philanthropic Responsibilities. It is define as a group of people who come together to form savings and credit organization. It pertains a view of "codified ethics" in the sense that they embody basic notions of fair operations as established by our lawmakers. It is the return of profits to the member customer. It refers to cooperative that established by the member of a private corporation. Legal responsibilities. Yet: it allows the organization to assess its social impact and ethical performance vis-à-vis its stated vision-mission-goals.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. PAGE 23 . It encompasses those corporate actions that are in response to society’s expectation that businesses be good corporate citizens. Self-Help Organization. Principles. CROSSING CALAMBA CITY. It refers to the procedure that simply looks on a business organization’s own currently running documentation and reporting. Their members are all regular employees who voluntarily joined the cooperative. LAGUNA Contact No. Patronage Refund.

selfresponsibility. In the tradition of their founders. Stakeholders. It refers to the development that meets the needs of the present without compromising the ability of future generations to meet their own needs. UNO. social responsibility and caring for others. No: (049) 508-1963/ (02)420-8209 Sustainable Development.PWU-CDCEC CALAMBA ALVA CENTER ROSAL ST. It Means cooperative are based on the values of self-help. PAGE 24 . openness. Refer to Officers and members of Sulong sa Tagumpay Multi-Purpose Cooperative. CROSSING CALAMBA CITY. democracy. BRGY. co-cooperative members believe in the ethical values of honesty. LAGUNA Contact No. equity and solidarity. equality.: 0922-821-6938/0939-904-3185/0917-527-5465 Tel. Values.