Salam Adilfitri from all of us at Koperasi Guru Pulau Pinang to all our
Thank you for giving me a very motivated and dedicated team. We’ll
strive to steer the Co-operative Society to greater success.
In my 1st Board meeting, I’ve impressed on Board members to reinforce
our commitment to OUR VISION to be a Progressive, Dynamic and Role
Model Co-operative Society not only in Penang but nationwide as
Also in line with this, we’ve a mission to enhance member related
services. We need to be relevant to the ever changing needs and
aspirations of our members. They are yearning and crying for
higher dividends and better returns on their savings.
As such, we’ve to explore and introduce New INITIATIVES and PRODUCTS to
fulfill these challenges. The Board needs to think out of the box
to generate higher income by exploring and venturing into new business
ventures. We’ve to invest in commercial properties which yield better
returns in rental initially and later contribute to capital growth.
Arising out of the recent AGM , one pressing issue merits mention and
action – payment of travelling allowances. The Board is very much
concerned and views this trend to increase travelling allowances as a
serious threat to the financial health of the Society vis-à-vis
in the payment of dividends. This is an expense account which
inevitably increases our overheads.
A payment of an disproportionate amount in travelling allowances is
considered as highly unequitable. Normally profits are disbursed as
dividends based on the subscription of members.
The discrepancy is
very glaring and the payout is a great disservice to the other
It cannot be denied that the AGM is the August assembly of members
where decisions made are supreme. Time and again we have stressed
that your attendance is not only encouraged but appreciated for
constant vigilance by the membership is pivotal to the successful
management of the Society.
As members you have your rights and privileges but most importantly you
have obligations and responsibilities to the Society as well.
Hence, it is your duty to attend and the Society does pay a reasonable
sum as your travelling allowance for you to be present.
All said and done, the Board respects your decision and RM70.00 will be
paid as travelling allowance for the next AGM.