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Management of co-operatives.

Answer Text:
Management of co-operatives.
- A co-operative society is composed/ run by a committee usually of nine members elected by the members in a general meeting.
- The management committee elects the chairman, secretary and treasurer as the
executive committee members, who act on behalf of all the members and can enter into contracts, borrow money, institute and defend suits and other legal proceedings for the society.
- The committee members can be voted out in an A.G.M if they don’t perform as expected.