Accountability within Co-operative Societies

Speech by Mr. Louis Ng Kok Kwang, MP for Nee Soon GRC at the Second Reading of the Co-operative Societies (Amendment) Bill [Bill No. 50/2017]   Introduction The cooperative movement in Singapore reached a significant milestone 2 years ago, celebrating its 90th birthday. There has been a steady increase in the number of cooperatives in Singapore serving a variety of needs – a strong recognition of the effectiveness of the cooperative business model. It is heartening to see members of the public coming together to support each other in a spirit of self-help and mutual assistance – and the government must do all it can to support this ecosystem.....

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