Corporate governance problems of savings, credit and cooperative societies

Article

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.
Article Title

Corporate governance problems of savings, credit and cooperative societies

ERA Journal ID200031
Article CategoryArticle
AuthorsOdera, Odhiambo
Journal TitleInternational Journal of Academic Research in Business and Social Sciences
Journal Citation2 (11), pp. 89-103
Number of Pages14
Year2012
Place of PublicationPakistan
ISSN2222-6990
Web Address (URL)http://www.hrmars.com/admin/pics/1266.pdf
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.

Keywordscorporate governance, theory, savings, credit and cooperatives societies
ANZSRC Field of Research 2020350710. Organisational behaviour
350799. Strategy, management and organisational behaviour not elsewhere classified
350709. Organisation and management theory
Public Notes

Copyright- Authors agree to automatic transfer of the copyright to the publisher when the manuscript is accepted for publication.

Byline AffiliationsSchool of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
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