THE BOARD OF DIRECTORS- EXECUTIVE COMMITTEE

They have been charged with the responsibility of ensuring the smooth running of the SACCO and acting on behalf of all the members who elected them into office.

THE BOARD OF DIRECTORS-COMMITTEES

They have been charged with the responsibility of ensuring the smooth running of the SACCO and running the SACCO on behalf of the Members, who elected them.

THE SUPERVISORY COMMITTEE

DUTIES OF THE SUPERVISORY COMMITTEE

60.1 The duties of the supervisory committee shall include:
• Counterchecking, the effectiveness of the society’s internal control systems through:-
• Verification of all transactions of the Sacco society
• Writing periodic report to be tabled at board meetings
• Submission of its reports to the commissioner
• Presenting its reports to General meeting
• The supervisory committee shall not perform the duties or exercise any of the powers of the board.
• The supervisory committee shall be held liable for any loss incurred due to their negligence in performing their duties.
• The Supervisory Committee shall serve as the appeal committee to hear appeals from suspended members.