MAKING IT MANDATORY FOR CORPORATIONS TO ALLOCATE AT LEAST TEN PERCENT OF THEIR PROCUREMENT TO COOPERATIVES
MAKING IT MANDATORY FOR CORPORATIONS TO ALLOCATE AT LEAST TEN PERCENT OF THEIR PROCUREMENT TO COOPERATIVES Mandating that corporations allocate at least 10% of their procurement to cooperatives is an idea that sounds radical at first hearing. But if we step back, it is really about one simple principle: how do we bridge the gap between large-scale capital and grassroots economic units? There is an important clarification. No country today has a blanket law requiring all private corporations to give 10% of their procurement to cooperatives. That would be a dramatic shift from traditional free-market practice. However, several countries already implement “set-aside” or social procurement frameworks that move in that direction. Let us start with our own backyard. The General Appropriations Act (GAA) has frequently required government agencies to source at least 10% of certain goods and services from cooperatives and SMEs. The Sagip Saka Act goes further by mandating direct governmen...