Recent events in the SACCO movement and financial services sector have brought the subject of risk into higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in our business environment. We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimize its potential negative impact. Dealing with risk produces benefits for all stakeholders.
The Supervisory Committee is the cooperative centrepiece for dealing with risk in the SACCOs. The main function of the supervisory committee is to oversee the performance of the board, and to carry out regular checks and examinations designed to determine that accounting records and reports are prepared promptly and accurately; internal controls are effectively maintained and adequately protect the SACCO, its members, its management and its employees and the policies and plans of the SACCO are properly implemented.
Effectiveness of any SUPCO depends on their knowledge and skills to appraise policies, provide safeguards against error, carelessness and fraud; provide clinical support as part and partial of the SACCO governance team, and thus assists Board and management in carrying out the purposes of the organisation (maximising member value).
This course is structured around the principles and processes involved in SACCO supervision. It will help learners to investigate the existing and emerging risks, how to measure and mitigate them
This course contains:
This course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. Each session allows you to develop your skills and apply them to your SACCO to analyze the effectiveness of your current approach and your plans for its further development.
All SUPCO members and SACCO Internal Auditors
Full committee (3 participants): - 1,200,000 Ugx
Individual participants - 450,000 Ugx
(Includes accommodation, meals and training materials)
Cooperative Governance and the role of SUPCO members
Understanding Risk Management – Context and Application
Day today Tools, methods and approaches for Supervisory committees
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