Excelsior Correspondent
JAMMU, Jan 28: Ahead of much awaited Annual General Meeting of the bank, which is scheduled to be held on January 31, the Citizens’ Cooperative Bank Shareholders Association today urged the bank management, especially the Chairman and Board of Directors for taking pro-active measures to ensure regular participation of the shareholders in further growth of the bank.
The appeal was made during a meeting by members of the CCB Shareholders Association, held here today under the chairmanship of Pushpinder Choudhary, president of the Association.
Mr Choudhary asked all shareholders of the CCBL to participate in the scheduled AGM, which is fifth one in history of the bank and being held after a long gap. Lamenting that only four AGMC were held since inception of this pioneer urban cooperative financial institution, the Association stressed that AGM otherwise always remains a regular annual feature in cooperative institutions to ensure the transparency in the functioning on democratic principles. “This feature, however, till the function of last elected management remained absent in the bank for years together,” said Pushpinder.
He further mentioned that cooperative institutions were always open to the members for their participation in decision making and such annual meetings (AGMs) are mandated occasions to enlighten members about the health, programmes and policies of respective cooperative institutions, the Association expressed hope that the new team elected by the shareholders shall continue to ensure the regular conduct of AGMs, as mandated, so that the purpose and objectives of the bank are achieved on cooperative principles.
The Association also assured full cooperation to the newly elected Board of Directors in decision taken to improve the functioning so that the bank can compete with other public as well as private financial institutions in the State.
The meeting was also addressed by Advocate Parveen Choudhary, Sanjeev Sharma, Rahul Sharma, Gopal and others.
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