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Ugandan GraduatesSACCO

Governance & accountability

Members are in control.

One member, one vote. Elected leaders set policy, an independent Supervisory Committee watches over them, and professional staff run the SACCO.

General Meeting and Delegates Assembly

The supreme authority. Once membership exceeds 5,000, members elect delegates (about one per 1,000 members) with reserved seats for women, youth, persons with disabilities and the diaspora.

Board of Directors

Nine elected directors and up to two co-opted experts without votes. Three-year terms, renewable once, one-third retiring by rotation; at least one-third women.

Supervisory Committee

Three members elected independently of the Board to monitor compliance, review the books, receive complaints and report directly to the Delegates Assembly.

Professional management

A Chief Executive Officer and directors recruited competitively. Elected leaders set policy; professional staff appraise and disburse loans.

Board committees

  • Finance, Investment and Strategy
  • Credit and Programmes
  • Audit, Risk and Compliance
  • Governance, Human Resource and Ethics
  • Technology and Innovation

Directors must hold a degree or diploma, be members in good standing with no loan in arrears, and pass fit and proper checks under UMRA guidelines.

Safeguards

  • Political neutrality: no partisan activity, and holders of partisan political office cannot serve on the Board
  • Any leader with a loan more than 30 days in arrears automatically vacates office
  • Insider loans need full Board approval, are granted on ordinary terms and are disclosed to members
  • No cash handling: every disbursement and repayment is digital and auditable
  • Every beneficiary verified through the National Identification Number
  • Independent annual audit and quarterly public performance reports

Interim Board

The promoters elect an Interim Board of seven to steer registration until the first General Meeting elects the substantive Board.

  • Chairperson

    Name to be supplied

  • Vice Chairperson

    Name to be supplied

  • Secretary

    Name to be supplied

  • Treasurer

    Name to be supplied

  • Member

    Name to be supplied

  • Member

    Name to be supplied

  • Member

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  • Member

    Name to be supplied

  • Member

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