August 17, 2022

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Boresha Sacco delegates troop for annual meetings


By Alfred Kimosop
The Boresha annual educational
meetings which
started on February 11and
12 are set continue at various venues
across all branches of the Sacco
until March 4 this year.
The delegates will then prepare
for the crucial Annual Delegates
Meeting (ADM) which is tentatively
slated for March 23 to 24 at
the Head Office, Eldama Ravine in
Koibatek Sub-County.
The important meetings, according
to the management, seek
to bring changes targeted at realizing
further growth of the vibrant
Boresha, one of the leading 177
licensed deposit taking Saccos in
the country seeks to discuss various
ways to satisfy the growing
hunger and appetite of members
who have developed a lot of interest
in its various activities.
The Sacco has registered a
rising membership in its newly
opened branches across the country
thanks to its track record in
financial stability compared to its
peers in the market.
In a notice to all members and
delegates in this newspaper, the
Sacco says the main agenda of the
meetings would be education information
to members on society
performance, progress and future
plans of the Society.
According to the Sacco, five of
Board /Committee members would
be retiring and would be subjected
to a fresh election after three years
of service as stipulated in the third
rotation policy.
However, the officials are eligible
for re-election during the polls conducted in the respective venues in the set dates on the notice.
At the same time, all delegates
will be required to seek fresh mandate
from the membership during the
forum although they will be eligible
to defend their seats.
The new electoral policy passed
during the Special Delegates Meeting
held at the Sacco’s headquarters
in December last year requires that
delegates conduct elections to also
guarantee incorporation of gender
rule where members will get an opportunity
to elect lady delegates as
reached during the previous meetings.
Members during the electoral
venues at all levels will elect lady
delegates on affirmative action as
set out in the Sacco By-Laws.
The new rules are meant to ensure
equity in representation by
delegates based on membership,
share capital and deposits of electoral
zones they serve.
Boresha last reviewed its By-
Laws in 2010 and there was need
for the society to make amendments
to be in tandem with industry’s
best practices and to
strengthen its corporate governance