Corporate governance problems of savings, credit and cooperative societies

Odera, Odhiambo (2012) Corporate governance problems of savings, credit and cooperative societies. International Journal of Academic Research in Business and Social Sciences, 2 (11). pp. 89-103. ISSN 2222-6990

Abstract

The study discusses the corporate governance problems of Savings, Credit and Cooperative Societies (SACCOs). It examines both the corporate governance theories and conflicts of governance associated with SACCOs. Problems frequently occur in SACCOs due to one or more of the following reasons; lack of clear and proper rules separating management from decision making, unqualified personnel in management, inadequate managerial competitiveness, failure of membership and boards to exercise fiduciary responsibility and the one member one vote (OMOV) system. Several measures against the SACCO governance problems such as having clear rules in the SACCO bylaws and identifying who are the stakeholders dominating the SACCO should help to ensure good governance.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Copyright- Authors agree to automatic transfer of the copyright to the publisher when the manuscript is accepted for publication.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 13 Jan 2013 06:21
Last Modified: 22 Aug 2014 06:08
Uncontrolled Keywords: corporate governance, theory, savings, credit and cooperatives societies
Fields of Research : 15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150311 Organisational Behaviour
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150310 Organisation and Management Theory
Socio-Economic Objective: B Economic Development > 90 Commercial Services and Tourism > 9001 Financial Services > 900199 Financial Services not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/22254

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