NOTICE OF ANNUAL GENERAL ASSEMBLY CAGAYAN DE ORO BRANCH

NOTICE OF ANNUAL GENERAL ASSEMBLY

TO ALL MEMBERS OF SMPC CAGAYAN DE ORO BRANCH:

Notice is hereby given that the Annual General Assembly meeting of SILANGAN MULTIPURPOSE COOPERATIVE for CAGAYAN DE ORO BRANCH will be held at Chali Beach Resort & Conference Center, Zone 3, Old Road, Cugman, Cagayan de Oro City on Sunday, March 23, 2025 from 8 AM to 12 noon.

The AGENDA will be as follows:

1.       Call to Order
2.       Secretary’s Proof of Notice and Declaration/Consideration of Quorum
3.        Approval of the Agenda
4.       Reading, consideration and approval of the minutes of the 2024 Annual Regular General Assembly meeting held on March 9, 16 & 24, 2024. 
5.       Matters arising from the minutes
6.       New Businesses:

• Presentation and approval of the Audited Financial Statements for the year-ended December 31, 2024.
• Presentation and approval of the following reports for the year 2024:

•       Board of Directors
•      Audit Committee
•      Education & Training Committee
•      Election Committee
•      Ethics Committee
•      Credit Committee

• Presentation and approval of 2025 Annual Plan and Budget
• Ratification of Major Board Resolutions (January – December 2024)
• Appointment of External Auditor
• Approval of Proposed Amendments to Articles of Cooperation and By-Laws
• Election of:

•      Three (3) members of the Board of Directors
•    Two (2) members for Audit Committee 
•    Two (2) members for Election Committee 

1. Announcements
2. Adjournment

            Only REGULAR MEMBERS as of December 31, 2024 with no past due account, either as PRINCIPAL BORROWER or AS CO-MAKER, as of February 28, 2025 shall be entitled to attend and vote during the said General Assemblies.

            Davao City, January 30, 2025. 

Sgd. JOSE A. RODRIGUEZ, JR.

Cooperative Secretary