BANKS
places or institutions where people place or deposit their money or savings with corresponding interest on a given period of time and, or assets for safekeeping. |
THREE MAIN FUNCTIONS OF BANKS |
1. depository of savings |
2. largely responsible for the payments system |
3.issue loans to both people and companies |
CORPORATIONS
a legal entity authorized to act as a single entity and recognized as such in law |
designed to generate a profit |
a distinct entity from its owners (shareholders) and has its own rights, liabilities, and obligations |
CHARTER CONSIDERATIONS |
●whether or not they can issue stock |
●whether or not they are for profit |
TYPES OF CORPORATIONS |
●STOCK CORPORATIONS |
have the authority to issue stock |
owners are stockholders |
●NON-STOCK CORPORATIONS |
do not issue stock |
owners are members |
PROFIT STATUS |
●FOR-PROFIT CORPORATIONS |
primary goal of generating a profit for their shareholders or members |
●NON-FOR-PROFIT CORPORATIONS |
primary purpose of serving a mission or cause |
RELATIONSHIP OF BANKS AND CORPORATIONS
Capital Formation |
Depository Services |
Payments and Transactions |
Loans and Financial Assistance |
Financial Advisory Services |
Corporate Investments |
Mergers and Acquisitions |
Currency Conversion and International Trade |
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COOPERATIVES
Legal entities democratically owned and controlled by members |
Share earnings as dividends based on participation |
Build community wealth, invest in local communities, and strengthen social networks |
Membership is open |
CLASSIFICATION OF COOPERATIVES |
●Worker |
●Consumer |
●Producer |
●Purchasing |
●Housing cooperatives |
Cooperatives play a critical role in building community wealth for several key reasons: |
1. They often provide quality goods and services to areas that have been shunned by traditional businesses |
2. They typically invest in local communities |
3. Business profits remain and circulate within the community. |
4. Cooperative membership builds social networks and strengthens social cohesion |
5. Purchasing cooperatives |
6. Worker cooperatives, in particular, create quality, empowering jobs for community members |
7. Worker cooperatives, in particular, create quality, empowering jobs for community members |
THE SEVEN COOPERATIVE PRINCIPLE |
(1) Voluntary and open membership |
(2) Democratic member control |
(3) Economic participation by members |
(4) Autonomy and independence |
(5) Education, training and information |
(6) Cooperation among cooperatives |
(7) Concern for community |
TRADE UNIONS
organization whose membership consists of workers and union leaders |
united to protect and promote their common interests |
TYPES |
●COMPANY UNION |
represents interests of only one company |
●GENERAL UNION |
represents workers from several companies in the same industry |
●CRAFT UNION |
represents skilled workers in a particular field |
PRINCIPAL PURPOSES |
1. negotiate wages and working condition terms, |
2. regulate relations between workers (its members) and the employer |
3. take collective action to enforce the terms of collective bargaining |
4. raise new demands on behalf of its members |
5. help settle their grievances |
TUCP - Trade Union Congress of the Philippines |
the largest confederation in the Philippines. |
founded on December 14, 1975 by 23 labor federations |
Represents diverse sectors including government employees, OFWs, informal sector, youth groups, cooperatives. |
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TRANSNATIONAL ADVOCACY GROUPS
Fluid, open relationships among knowledgeable, committed actors (individuals and organizations) across nation-state boundaries |
GOAL |
Promote Principled Causes |
Effect Change |
IMPORTANCE |
Representation of Powerless Constituencies |
COLLABORATIVE NETWORKS |
●Mutual Ties |
Forge connections with like-minded groups globally |
●Strategic Activities |
Develop linked activities to forward principled causes |
●Multiple Fronts |
Work on various fronts, using different methods for advocacy |
DEVELOPMENTAL AGENCIES
Organizations committed to distributing aid and fostering sustainable development |
TYPES |
Governmental |
Multilateral |
Non-Governmental |
2 AID CATEGORIES |
1. Humanitarian Aid |
Emergency relief efforts in response to natural disasters, conflicts, or crises |
2. Development Aid (Foreign Aid) |
Aimed at long-term, sustainable economic growth and poverty reduction |
The International Committee of the Red Cross |
world's oldest humanitarian organization |
mandated by international treaty to uphold the Geneva Conventions |
INTERNATIONAL ORGANIZATION
an organization with an international membership, scope, or presence |
TYPES |
International Non-governmental Organizations (INGOs) |
Intergovernmental organizations, also known as International Governmental Organizations (IGOs) |
ROLES |
Setting the International Agenda |
Mediating Political Bargaining |
Political Initiatives and Coalition Formation |
Central Commission for Navigation on the Rhine |
created in 1815 by the Congress of Vienna |
first and oldest intergovernmental organization |
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