Good Governance Practices and its Impact on Selected Workforce Cooperatives' Profitability

Abstract

In today’s scenario, talking about economic demands, the workforce today become radical. Requests should be provided to employees as fast as the business owners they can. A particular company or business needs to keep and have creative, dedicated, passionate, and happy employees. Many companies today are engaged with workforce services, especially here in the Philippines. Cooperatives defined or also known as an autonomous association of members united voluntarily to encounter their specific common economic, social, and cultural need and ambitions together with a jointly-ownership and liberal style enterprise. Good governance defines as a total package of implementation of managing resources and also a process of depth decision making then the process by which decision was made is implemented. Characteristics involve such as Participation, Transparency, Rule of Law, Consensus Orientation, Accountability, Responsiveness, Equity, Effectiveness and Efficiency, and many more. How does the practice of good governance affect the profitability of a workforce cooperative? How does it work? And does it indeed make an impact? In the Philippines, Cooperatives set up one of the reasons why some cooperatives shut down because of lack of good governance policies and also the morality of each member. The study aims to determine the effectiveness of and assessment of Good Governance Practices of Selected Manpower Cooperatives. By qualitative research method, through document and journal review. The researcher will investigate and validate all the collected related literature and studies, testimonials, and insights.