Top Co-operatives in Malaysia is a prestigious recognition awarded to co-operatives that demonstrate excellence in various aspects, including financial performance, management and governance, legal compliance, and contributions to the socio-economic development of their members. The evaluation is conducted in accordance with the standards set by the Malaysia Co-operative Societies Commission (the Commission) and aligned with international criteria established by the International Co-operative Alliance (ICA).
The main objective of being listed in the Top 100 Co-operatives in Malaysia goes beyond mere recognition and honour. It serves as a benchmark for co-operatives excellence in the country by enhancing members’ confidence to remain loyal and actively participate, strengthening industry trust in the co-operatives sector, providing a platform for co-operatives to compete competitively in the open market, and ensuring the continued relevance of co-operatives as key drivers of national socio-economic development.
The evaluation for inclusion in the Top 100 Co-operatives in Malaysia is carried out through three (3) main processes:
- Evaluation of Financial Factors
Achievement in income, assets, and equity is assessed based on the Co-operatives Industry Average Value. Only co-operatives that meet the financial criteria will be considered, even if they possess substantial assets or equity. - Evaluation of Non-Financial Factors
This assessment is conducted by Co-operatives Supervisory Officers, Board Members, and eligible Co-operatives Members nominated during the evaluation year. It is carried out online via Google Forms. - Sustainability Evaluation by Headquarters
Aspects such as governance efficiency, legal compliance, commitment to member development, and impact on the community are also given due consideration.
