Year: 2019 | Month: September | Volume 8 | Issue 3
Evaluation of Structure and Process of Governance in Souharda Cooperative: A Conceptual Analysis with Reference to Karnataka, India
DOI:10.30954/2249-6637.03.2019.5
Abstract:
In essence, the conceptual framework developed in this study includes the Souharda Act paving the way for freedom in operations; governance structure based on transparency, accountability and rule of law; governance process founded on democracy; and organizational performance to be measured through financial performance and non-financial performance. In essence, the Act (Level 1) paves the way for governance structure and governance process representing as ‘hardware’ and ‘software’ (Level 2) should lead to ‘Organizational Performance’ (Level 3) in cooperative governance. Such organizational performance is identified to be reflected in ‘Financial Performance’ and ‘Non-Financial Performance.’ Though cooperative societies are ‘not-for-profit’ institutions or ‘service oriented’ institutions, the cooperative structure and process enveloped with ‘freedom’ should strive to achieve ‘Financial Performance’ that should result in sustainability of the cooperative institution in the long run. All these three levels of cooperative governance are inter-linked and any gap in any of these levels indicates low or no governance.
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