Purpose:
To provide members with a clear understanding of how Monivest is structured, how decisions are made, and the roles of leaders and committees in driving cooperative growth.
Overview
Monivest operates as a multipurpose cooperative society with a structured governance framework to ensure transparency, accountability, and member participation. Leadership and committees are tasked with overseeing projects, managing cooperative resources, and guiding strategic growth.
Board of Trustees / Directors: Responsible for overall cooperative strategy and legal compliance
Advisory Committee: Provides guidance, mentorship, and risk assessment for projects and operations
Operational Committees: Oversee daily cooperative functions, including projects, finance, and member engagement
Example: The Finance & Audit Committee monitors savings, loans, and project funds to ensure financial integrity.
Active Members: Can propose projects, participate in votes, and join committees
Shareholders: Influence cooperative decisions through voting rights proportional to shares
Advisors & Leaders: Mentor members and provide strategic guidance
Proposals are submitted via the dashboard or committee meetings
Committees review, advise, and approve based on compliance, feasibility, and impact
Voting is conducted digitally or physically depending on the matter’s significance
Members receive periodic updates on project performance, loan disbursements, and cooperative finances
Governance decisions are documented and auditable to maintain trust
Compliance reports ensure alignment with Nigerian cooperative laws and financial regulations
Stay informed about committee decisions, proposals, and votes
Engage actively in meetings and dashboard updates to maximize influence
Understand the roles of each committee to know where you can contribute effectively