Course Details

Sacco Governance Best Practices Training Course

INTRODUCTION

Strong governance is the cornerstone of a successful and sustainable Savings and Credit Co-operative (Sacco). This Sacco Governance Best Practices training course equips Sacco leaders, board members, and staff with the knowledge and skills to implement effective governance frameworks, ensuring transparency, accountability, and member trust. Learn how to navigate the legal and regulatory landscape, establish clear roles and responsibilities, promote ethical conduct, and foster member participation. This Sacco governance training is crucial for professionals seeking to build resilient and well-managed Saccos. This course covers key areas like legal framework, board roles & responsibilities, risk management, and member engagement, empowering you to become a champion for good governance in your Sacco.

DURATION

5 days

TARGET AUDIENCE

This course is designed for:

• Sacco Board Members: Individuals responsible for the strategic direction and oversight of the Sacco.
• Sacco Management: Individuals involved in the day-to-day operations and management of the Sacco.
• Sacco Committee Members: Individuals serving on various committees within the Sacco.
• Sacco Staff: Individuals working in different departments within the Sacco.
• Anyone interested in Sacco governance best practices: Professionals and individuals committed to promoting good governance in the Sacco sector.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the legal and regulatory framework governing Saccos.
• Define the roles and responsibilities of the board of directors, management, and members.
• Implement effective governance policies and procedures.
• Promote ethical conduct and transparency within the Sacco.
• Manage conflicts of interest and ensure accountability.
• Foster member participation and engagement in Sacco governance.
• Implement risk management strategies to safeguard Sacco assets.
• Evaluate and improve Sacco governance practices.

COURSE MODULES

• Introduction to Sacco Governance:
  • Defining Sacco governance and its importance.
  • The principles of good governance (transparency, accountability, participation, etc.).
  • The benefits of strong governance for Sacco success.
  • The legal and regulatory framework governing Saccos.
• The Legal and Regulatory Framework for Saccos:
  • Understanding the relevant Sacco Act and regulations.
  • Compliance requirements and reporting obligations.
  • The role of regulatory bodies in overseeing Saccos.
  • Legal implications of non-compliance.
• Roles and Responsibilities in Sacco Governance:
  • The role of the board of directors in strategic oversight.
  • The responsibilities of management in day-to-day operations.
  • The rights and responsibilities of Sacco members.
  • The role of committees in Sacco governance.
• Board Governance and Leadership:
  • Board composition and diversity.
  • Board meeting procedures and decision-making.
  • Board performance evaluation and development.
  • Effective communication and collaboration within the board.
• Risk Management and Internal Controls:
  • Identifying and assessing risks facing Saccos (financial, operational, compliance).
  • Implementing internal control procedures to mitigate risks.
  • Developing a risk management framework.
  • Ensuring data security and privacy.
• Financial Management and Transparency:
  • Financial reporting and accounting standards for Saccos.
  • Budgeting and financial planning.
  • Internal and external audit processes.
  • Ensuring transparency in financial transactions.
• Member Engagement and Participation:
  • Communicating effectively with Sacco members.
  • Promoting member participation in decision-making.
  • Educating members about their rights and responsibilities.
  • Building strong member relationships.
• Ethics and Conflict of Interest:
  • Promoting ethical conduct and integrity within the Sacco.
  • Managing conflicts of interest.
  • Developing a code of ethics for Sacco leaders and staff.
  • Ensuring accountability and transparency in all Sacco operations.

CERTIFICATION

Upon successful completion of this training, participants will be issued with a Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com