Focus on co-op’s work, accounts

KUWAIT CITY, July 10: Assistant Undersecretary of the Ministry of Social Affairs for Cooperatives Sector Affairs Salem Al-Rashidi has formed a committee to look into the work and accounts of the Salmiya Cooperative Society.

The decision, a copy of which has been obtained by the daily, indicates the committee is chaired by Abdul Alim Al-Shamri, with Abdulaziz Al-Abdullah and Adel Al-Fadhli, as members and with Nawaf Al-Shimmari as member and rapporteur.

Al-Rashidi indicated that committee meets at the invitation of the chairman or his deputy, and the minutes of the meeting are not valid unless most of the members are present and that the committee issues its decisions by a majority vote of those present.

He stated the committee does its work in accordance with the procedures stipulated in the Ministerial Resolution No. 1/T of 2021 regarding the mechanism and controls for investigation and review of the work and accounts of cooperative societies and cooperative unions.

He also stated the chairman of the committee, within a week from the end of the committee’s work, has to submit to the assistant undersecretary for cooperatives affairs the original report.

The committee chairman keeps a hard copy of the report and another copy on his flash drive. The decision indicated the committee’s work period is 60 days, subject to extension in accordance with the text of Article 5 of the aforementioned ministerial decision.