The SACCO’s Governance Structure comprises of the Members (who pass resolutions during the A.G.M), the Management Committee comprised of the chairman and eight other members, the Supervisory Committee which has three members, and staff members employed by the SACCO.
All management and supervisory committee members are elected in an Annual General Meeting of members convened every year. Members of the different committees serve for varying periods as stipulated by the Cooperative Societies Act of Kenya.
The Management Committee is the governing body of the KEMU SACCO elected from the general membership and consists of nine (9) members who are non-executive. The Committee includes the Chairman, Vice chairman, Treasurer and Honorary Secretary all of whom are elected by the Committee from amongst its members.
Members of the Committee hold office for a period of three years provided that, one-third of the board members retire every year (but are eligible for re-election).
The Committee chairman presides at general meetings, Committee meetings and joint meetings with the Supervisory Committee, while the vice chairman performs the duties of the Chairman during his/her absence and such other duties as the Committee may direct.
The Honorary Secretary keeps minutes of the General Meetings, Committee meetings, as well as joint meetings with the Supervisory Committee. S/He also ensures that notices of the meetings are prepared and sent out, and that the Sacco society’s correspondence is promptly and correctly attended to.
The Treasurer generally manages the financial affairs of the society in a competent manner by ensuring that a proper record is kept of all monies received and paid out by the society, its assets, liabilities, capital reserve and its income and expenses and by ensuring the safekeeping of the society’s money, securities and books of accounts.
These are the members of the KEMU SACCO Management Committee:
The KEMU SACCO has a supervisory committee consisting of three members each elected at the General Meeting for a period of three years. One member of the supervisory committee retires annually, and no person who has been a member of the Management Committee within two (2) years preceding the date of an election is eligible for membership of the supervisory committee.
The supervisory committee counterchecks the effectiveness of the society’s internal control systems through:
- Verification of all transactions of the SACCO.
- Writing periodic report to be tabled at Management Committee meetings.
- Submission of its reports to the Commissioner.
- Presenting its reports to general meeting.
The Supervisory Committee also serves as the appeal committee to hear appeals from suspended members.
These are the members of the KEMU SACCO Supervisory Committee:
A Word From The Chairman
We are committed to providing for our entire membership and staff the ability to grow and develop within their areas of participation, enabling them to reach their greatest potential. To that end, we will align with nationally recognized benchmarks to determine the development, growth and processes needed to achieve a vibrant SACCO culture. We expect this alignment to produce a flourishing SACCO culture and members engagement, along with revenues and increased efficiencies.
However, it will require development and investment in our membership and staff, and innovative growth in order to remain viable and relevant as an organization in the changing landscape of SACCOs. By diversifying and launching strategic SACCO products to meet changing external and internal SACCO needs, we will become a leader in accessible, affordable products. We will provide a thriving online environment with carefully selected products. The expected increase will build upon our strong SACCO success and support our sustainability efforts and bring actual operational dollars to our members.