EFFECT OF MANAGEMENT COMMITTEE ON THE PERFORMANCE OF COOPERATIVES IN TERTIARY INSTITUTIONS IN OYO STATE, NIGERIA

Abstract

The main objective of any management committee is to ensure effective and smooth running of the organization. These include the effective utilization of the organization’s funds for a stable running of her affairs. Likewise, the management committee has the mandate to run the society on behalf of members in accordance with guiding rules and principles. They are society’s servant and not member’s master. They are also expected to work according to the bye-laws of the society. The outcome of the research showed that committee members socio-economic characteristics have significant effect of cooperative performance (F ratio of 16.426 was significant @ 1% level). The research outcome also showed that Cooperative performance was affect by committee member’s knowledge application of cooperative values and principles in business decisions (F ratio of 17.414 was significant @1% level). Election of credible persons into leadership positions in management committee is critical to cooperative performance. Hence the general meeting has to ensure that educational qualification and leadership experience should be upheld as requirements for vital positions. It is important that persons to be elected into committee membership should be driven, not by ambition or authority, but by the desire to serve.