Imperative 20: State aid is critical to finance mega co-op feasibility studies and technical transfers
Once mega co-op proponents have obtained pledges at say P100 million (with 50% ready cash) from the mass of involved employees, State agencies, corporate and institutional investors local and foreign, all involved should conduct elections via website to appoint management teams composed of members who are management level retirees. During organization and feasibility study activities, retiree management teams should be budgeted with mere allowances at corporate supervisor rates because all of them already enjoy large pensions and most are expected to be earning out of their 'retiree businesses'. Their full compensation should be a percentage of profits to assure their exertion of utmost skills for all investors' benefit. Said retiree management teams should embark upon the following activities: a) conduct website elections for a ministerial Board, register the co-op and deposit the investors' initial 50% cash in bank. By-laws should include a provisio