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Supervisory Committee

SUPERVISORY

Chuna Supervisory Committee

The Supervisory Committee shall examine the books of the credit union or other security, confirm the cash instruments, property and securities of the credit union or other security, confirm the deposits of the members and perform such other duties"

Chuna Supervisory Committee plays a crucial role in maintaining the integrity and sustainability of the Sacco. By providing independent oversight and accountability mechanisms, it enhances trust among members and stakeholders, promotes good governance practices, and safeguards the interests of all members.

Dr. Angeline Chepchirchir
Member
Mr. Richard Agutu
Member
Mr. Hesborn Eshikumo
Member
Our Focus

Our Focus

Biefly about the supervisory committee

Our Focus

Biefly about the supervisory committee

About The Supervisory Committee

  1. Section 2 (a) of the Co-operative Society Act, No. 12 of 1997 (as amended in 2004) has the following simple definition:-
  2. "Supervisory Committee" means an oversight committee elected at a General Meeting.
  3. ESTABLISHMENT
  4. The Supervisory Committee is established under Rule 28 of the Co-operative Society Rules (Legal Notice No. 123 of 2004) which states as follows:-
  5. 28. (1) Every society shall have a supervisory committee consisting of three members
  6. each elected at a general meeting for a period of three years and one member of the
  7. the supervisory committee shall retire annually.
  8. (2) Notwithstanding the provision of sub-rule (1), any member of the supervisory

a) The members of the Supervisory Committee shall meet the same qualifications as those of the members of the Management Committee

b) In addition at least one member of the committee shall have basic bookkeeping, accounting, auditing or financial management knowledge. Where no such person is elected, those elected may be taken for basic accounting training.

Mandate

The Supervisory Committee is the Internal Audit Committee of the Society. Its role is complimentary to that of the Management Committee which is mainly to ensure that there is an effective control system in the Society

Qualities

The members of the Supervisory Committee shall meet the same qualifications as those of the members of the Management Committee

Election

The election of the Supervisory Committee is conducted in accordance with the Rule 28 and relevant By-laws of the society.