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GOVERNANCE OF THE ORGANISATION (BOARD OF DIRECTORS & THE GOVERNING COUNCIL)
The governance of Riverbank Credit SACCO Limited is conducted by a Body styled BOARD OF DIRECTORS which body is entrenched by the articles of association and emphasized by the following special clause.
“The original 7 members of Riverbank Crescent Self Help Group, recognized the demand to avail financial services to the general public who of necessity did not want anything else apart from financial services”
This led to formation of two tier membership arrangement that is a permanent feature viz. Ordinary membership (also referred to as Shareholders) defining the original members(Governing Council) together with new investors who hold shares thereby automatically become part of the Governing council and Preference membership (non shareholders) who join to access products and services being availed by the microfinance.
The Governing Council , is comprised of
- Alfred Nyamitta-Chairman
- Damaris Adhiambo- Member
- Christine Awuor - Member and insurance advisor
dovu Insurance (K) Limited- Insurance investment vehicle
Iaso Company
- Sam Odhiambo- CEO
The council has ceded the oversight and supervision of Riverbank SACCO Limited to a professional BOARD OF DIRECTORS comprised of the following experts
 George Owour
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Chairman (Non-executive) ,
BSc Engineering- Chief Engineer with KPLC & Chairman Runda Water Association, Chairman – Lihanda Village Development Association , Property developer Status -(Yet to be confirmed by Governing Council)
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 Elizabeth Omolo
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Board Member
Ex CBK Director, Ex- Director at Kenya School of Monetary Studies , Lecturer - Kenya School of Monetary Studies
Status-(Yet to be confirmed by Governing Council)
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 Victor Ogutu
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Board Member
BA Architecture, Asst Director Housing – Ministry of Local Government. Opinion leader in several community projects.
status-(Yet to be confirmed by Governing Council)
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 Sam Odhiambo
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Chief Executive Officer ,
MBA, Cert. In Enterprise Risk Management & Econometrics, Dip. Banking, Dip Human Resources, Data Base Administrator- Finacle, Diploma in Computer Appreciation, Ex-Banker (Senior Credit Manager) with over 20years banking Experience in Banking (Trust Bank Limited, Universal Bank limited, Paramount Bank Limited, African Banking Corporation Ltd, Diamond Trust Bank Ltd , Equity Bank Ltd
status -(Confirmed by Governing Council)
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 Winnie Nyambura Kanyukii
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Permanent representative ,
Permanent representative of INCLINE SOLUTIONS LIMITED on the Board, College graduate- Having served 23 years in the Banking industry with Barclays Bank Kenya Limited. Incline solutions brings a new blend of leadership in Riverbank Where the share holder is an active Trading & Investments Company active both locally and abroad. The inclusion of incline Solutions Limited is a watershed point where Riverbank shall get the benefit of three exposed directors with one mouthpiece
Status-(Fully paid up & confirmed by Governing)
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 Christine Awuor
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Treasurer. . ,
Treasurer. Representing member for the Governing Council interests . BComms Degree, Post graduate Diploma in Banking, Ex- Banker (3 years Banking experience at Trust Bank Limited , Ex- Manager Operations of Metropol E.A. Ltd (Former representative body of Dunn & Bradstreet Credit Rating) Mrs. Awuor is the originator and initial sponsor of Riverbank Crescent Self Help Group . She has been in the business sector for the last 12 years in Heavy Commercial transport, Excavation Status - (Decision Maker at Council Level)
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The Board draws its authority from the Governing Council and is allowed to make every decision except the following which has to be reffered to the COUNCIL
1. Structural- pillars of the decisions dealing with the existence of the organization , business direction, rules governing whether the organization is to be or not to be
2. Administrative- Regarding administration and regulation of finance related activities
3. Financial – Making financial decisions relating to the organization
All Directors are also automatically members of the COUNCIL and will vote in accordance with the voting rules of the council, based on share weighted voting system
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