Cooperative Corporation Profile
Jordan Cooperative Corporation is an official institution established under the Cooperative Law No. (18) of 1997. It enjoys a legal entity status with financial and administrative independence. In this capacity, it may acquire moveable and immoveable properties, undertake all legal actions, including concluding contracts, accepting gifts and donations, file legal actions and to be sued and shall be represented in legal cases by the procurator general or the district attorney, and it may appoint any lawyer. It has branches in all governorates of the Kingdom.
The Corporation is managed by a board of directors. For more information about the board of directors, Click Here.
The Corporation works and its financial and administrative staff are managed and supervised by a general manager appointed by the Council of Ministers and such appointment decision shall be approved by the Royal Decree.
Definition of Society:
In implementation of the concept of cooperation, the cooperative societies are private organizations established by group of people on a voluntary basis to achieve their economic, social and cultural benefits and needs by gathering their efforts and resources in a collective, democratic, and equal way.
General Assembly:
The founding persons of the society and the persons who join its membership after its establishment. The general assembly is the highest authority of the cooperative society, and each member shall have one vote regardless of his financial contribution.
Supervisory Committee:
The members elected by the General Assembly. They supervise the society work on a regular basis under powers and authorities provided for in the articles of association. The Supervisory Committee members shall be not less than three and for the period specified by the regulations and the General Assembly resolutions. It is not allowed to combine between the Supervisory Committee membership and the Management Committee membership at the same time.
Management Committee:
The members elected by the General Assembly to run the society's financial and administrative affairs under powers and authorities provided for in the articles of association, the Cooperative Societies Law, and the General Assembly resolutions. The Management Committee members shall be not less than three and for a period not exceeding four years.
Other Committees:
Members from amongst the General Assembly or appointed by the Management Committee to carry out certain duties to the society.
In accordance with the provisions of the Law, the cooperative societies may carry out all activities and works as provided for in their articles of association issued in accordance with the Cooperative Law and the regulations promulgated thereunder. The cooperatives are distributed according to their activities as follows:
Professional cooperative societies: The societies established by the workers of a certain profession with a view to reduce their production costs and improve the selling conditions of their products.
Women's cooperative societies where the membership is limited to women, in order to encourage them engage in cooperation work.
Cooperative societies operating in a single service, such as tourism, transport, savings, credit or other services.
Consumer Cooperative Societies which practice the activity of retail sale of consumer goods they purchase or produce by themselves or in cooperation with other cooperatives.
Housing cooperative societies: The societies that provide their members with housing ownership or with lands good for buildings.
Cooperatives societies with different activities as the case may be.
Multipurpose Cooperative Societies, which are entitled to exercise any economic activity as well as social activities as stipulated in their articles of association.
Cooperative societies for mutual benefit: The cooperative societies which include members of one community like family cooperatives.
Craft cooperatives societies where all members practice a hand craft.
Agricultural cooperatives, both multipurpose agricultural cooperatives which are established to produce, store, transform, and market agricultural goods, and provide the members by sale or lease with the necessary farming tools to help increase agricultural production, whether these tools of making the Assembly or the making of others or agricultural activity agricultural production without specialized commercial activity accompanied such as marketing or sales ... etc.