The Challenges and Resilience Of Cooperativs in Malaysia
Cooperatives in Malaysia, their Challenges and the Way Forward
CHI board member, Datuk Haji Mohamad Ali Hasan, who also serves on the board of ANGKASA presented “The Challenges and Resilience of Cooperatives in Malaysia” at the 4th Coop Conference National & International Conference on Cooperatives and Social Enterprises.
Challenges Facing Malaysian Cooperatives
Governance and Transparency
Malaysian cooperatives face challenges in governance and transparency. These include a lack of clarity in roles and responsibilities, inadequate financial reporting, and limited access to information for members.
Competition and Market Dynamics
The Malaysian cooperative movement faces competition from large corporations and other economic actors. The changing market landscape, including technological advancements and evolving consumer preferences, also poses challenges.
Regulatory Framework
The regulatory framework for cooperatives in Malaysia can be complex and restrictive. This includes bureaucratic procedures, licensing requirements, and limitations on certain activities.
Human Capital Development
Malaysian cooperatives often face difficulties in attracting and retaining skilled personnel. There is a need for greater emphasis on training, education, and capacity building for cooperative managers and members.
Download The Challenges and Resilience Of Coops in Malaysia (18 July 2024).