Decision-Making Processes

Purpose:
To provide members, advisors, and shareholders with a clear, step-by-step understanding of how decisions are made at Monivest, from proposal submission to final approval, ensuring transparency, accountability, and strategic alignment.

Title: Decision-Making Processes
Category: Cooperative Governance & Legal
Section: Governance Structure

Overview
Monivest operates with a structured, data-driven decision-making framework. All proposals, whether for projects, cooperative policies, or loans, go through review, evaluation, and approval processes designed to maximize impact, mitigate risk, and comply with legal and regulatory requirements.

1️⃣ Proposal Submission

• Any member or committee can submit a proposal via the dashboard

  • Examples: New project plan, savings initiative, or loan policy

• Proposals must include:

  • Objective and impact metrics

  • Financial projections or required funding

  • Compliance and risk assessments

• Members in advisory roles may pre-review proposals before formal submission

Dashboard Link: [Project Proposal Submission → https://app.monivest.ng/user/plan/index]

2️⃣ Committee Review

• Relevant committees evaluate proposals based on:

  • Financial feasibility

  • Compliance with cooperative regulations

  • Risk assessment and mitigation strategies

  • Alignment with cooperative mission and ESG standards

• Committees can approve, modify, or reject proposals

• Recommendations are documented for transparency

3️⃣ Voting & Approval

• Major proposals are submitted for member or shareholder voting

  • Shareholders have weighted voting proportional to shares

  • Active members can participate in policy or project votes

• Voting can occur digitally via dashboard or during official meetings

• Decisions are recorded and auditable

4️⃣ Implementation & Monitoring

• Approved proposals are implemented under committee supervision

• Key performance indicators (KPIs) are tracked using the dashboard

• Risk and finance committees monitor compliance, performance, and returns

• Regular reports are shared with members and leadership for continuous feedback

5️⃣ Transparency & Reporting

• All proposals, approvals, and voting outcomes are visible to members

• Committees maintain audit logs for accountability

• Members receive notifications on proposal status, voting results, and project outcomes

6️⃣ Pro Tips

• Review dashboard analytics to inform proposal submissions

• Engage with advisors and committee members before submitting proposals

• Monitor voting schedules and results to maximize influence

• Use decision-making insights to guide your personal investments and savings participation