The CEO of NEFSCUN Shivajee Sapkota mustered courage to steal some time from his hectic schedule and invested it into letting the creaitve juices flowing. The result is the book that is available for readers at NEFSCUN head office and all field offices.
As soon as Shivajee Sapkota, the Chief Executive Officer (CEO) at Nepal Federation of Savings and Credit Cooperative Unions Ltd. (NEFSCUN) posted a cover photo of his newly published book Result Oriented Leadership of Cooperatives on facebook, another familiar cooperator Meelan Dhakal, Chief Manager at Pokhara Royal SACCOS, posted an immediate intial response. The latter's post read, 'I was wondering how NEFSCUN's CEO Shivajee Sapkota sir might be utilising his time during the lockdown. I was sure he had had a plan under his sleeve. As far as I know he is a prolific CEO who is very smart at time management. One day during our virtual coversation I had even quizzed him about this and he informed that soon he would be bringing a new surpirse and eventually here comes the sweet gift as per my expectations. In my opinion, a CEO is a person who writes a useful book for management professionals and utilizes lockdown time writing another helpful book for Board of Directors (BOD) feeding both. Shivajee sir has literally translated all the traits essentials in a CEO into his deeds and has helped me and other management officials a lot. Thank you Shivajee sir and best wishes for your future endeavours in imparting knowledge and wisdom to us. I humbly request all to go through both the books and implement the embeded spirits into action. Sir, I am inspired by your work ethics. You are an workaholic'
Dhakal's remarks came as no surprise who happens to be another successful management professional. His words speak a volume about Shivajee's latest endeavour. As the work pressure has eased due to flexible working hours and uncertainty hovering around office management, a lot of cooperators had shifted their attention to other secondary chores, but the CEO of NEFSCUN mustered courage to steal some time from his hectic schedule and invested in into letting the creaitve juices flowing. The result is the book that is available for readers at NEFSCUN head office and all field offices.
The book is divided into 26 chapters comprising definition of cooperative, history, doctrines, member centric indicators in cooperatives, strategic planning, cooperative strategy 2020, social performance, stabilization fund, quality assurance, member education, policy formulation, development stages of financial cooperatives, cooperative amalgamation, etc. But, as mentioned lucidly in the cover, it is a special gift to the Board of Directors (BOD) and Account Supervisory Committee (ASC) that are regarded the twins of General Assembly of a cooperative enterprise.
It is a special gift to the Board of Directors (BOD) and Account Supervisory Committee (ASC) that are regarded the twins of General Assembly of a cooperative enterprise.
BOD is the integral part of a cooperative foundation authorised by the Cooperative Act, regulation, by-laws and others to represent the members by formulating appropriate and essential plans and policies so as to steer the institution in a smooth manner. Shivajee's rich experience detected that lack of thorough understanding among the board members about their roles, responsibilites and limitations has hindered the swift progress of a lot of cooperatives. At times management professionals do have creative differences and feel they are unwantedly interferred which slacks off the overall performance of the institution. Shivajee comes animated in this regard and spends a total of 70 plus pages in clarifying the roles and responsibilities of BOD and Account Supervisory Committee. The book says that the leaders entering the cooperatives must be ideal and set the benchmark high without being tempted by financial misappropriations which makes it even more difficult for them to do selfless service. It also highlights the 5 prime roles of board members, their accountability, meeting procedure and frequency, board and management roles, financial risks and several such issues in a theoretical manner.
Let these two books be first read by all coopertors and provide Shivajee, the writer, with constructive feedbacks that might be helpful for the CEO Shivajee to allocate his schedule to draft his third creation.
Another major area it covers is the role and responsibility of ASC which is the attorney general of cooperative enterprise. It is the cooperative organ directly related to monitoring, supervising and regulating the financial integrity and prudence helping to attain good governance. This is the part where the book provides instances of model procedure of internal audit. Moreover, it also encapsulates Association of Asian Confederation of Credit Unions-ACCU designed governance check tools (2019) helpful for cooperatives. There are misconeptions regarding the role of ASC as it is understood as merely checking books, vouchers, incomes and expenditure details. The book highlights that ASC predominantly works as the watchdog of a cooperative institution that scrutinizes the roles played by the BOD and Managenent in abiding by the act, regulation, by-law, general assembly mandates, BOD decisions, and management recommendations. The book also gives clear idea about stabilization fund and quality assurance programs that are two prime focuses of financial cooperatives. Although these issues were covered in the previous book, this book could have added the latest developments in these regards.
Undoubtedly, the rich content of the book is the outcome of his 22 years of cooperative experience. The topics almost cover all pertinent issues that the cooperative leaders must comprehend. As a management principle, Shivajee has had the wide experience of working under Kailash Bhakta Pradhananga, Minraj Kandel, Rishi Raj Ghimire, DB Basnet and Paritosh Paudyal, the real architects of NEFSCUN's success when they had other portfolios too. Moreover, he has regular interactions with other board members during several formal and informal occasions. In addition to this, Shivajee gathered the experience of interacting with numerous board members of primary organizations from nook and corner of varied stature and strength. His mind could not stop drawing comparisons regarding why some leaders have failed and some have tasted success. This inspired Shivajee to write the book aiming at both kinds of leadership.
Undoubtedly, the rich content of the book is the outcome of his 22 years of cooperative experience. The topics almost cover all pertinent issues that the cooperative leaders must comprehend.
Some readers might object that he has not put himself in the shoes of board member but no one can raise finger about his vast experience working with numerous board members at NEFSCUN and interacting with even higher numbers of board members of primary cooperatives.
In comparision, the two children of Shivajee look alike in size, outlook, paper quality and interior except the front cover that wears a new colour and the central space that gets a different picture with reduced page number. The first one had 256 pages where as the new arrival has 227. Grammatical errors are relatively reduced but still punctuation and minor errors could have been avoided had the proof reader been vigilant. Although the book is fairly priced, both his books do not find pictorial spaces. Examples are less. The language is simple and comprehensible. The writer could have given a little more space to the words for covenient reading.
In the span of approximately 5 months, this is the second book Shivajee has authored. Most improtantly, after aiming at mananagent professionals and then directing to board of directors, now it is time for him to contemplate about the third pillar of a safer and sound cooperative, i,e members. We can expect another book for millions of cooperative members who remain as its cynosure. ACCU Chief Executive Officer Elenita V. San Roque (Leni) had expressed a notion that educated members ensure safe and sound cooperatives. So, as the stalwart of a central federation we can expect Shivajee to bring a book that educates, equips and awares memebers in a simple but motivating fashion that will not only add to his credential but guide the movement in the right diretion. But before that as Meelan Dhakal said, let these two books be first read by all coopertors and provide Shivajee, the writer, with constructive feedbacks that might be helpful for the CEO Shivajee to allocate his schedule to draft his third creation. Clap for cooperative. (Reviewed by Ranjan Mani Paudyal)