maybe that question of yours --- remove the acceptable set --- is what you need to examine first so you can develop evidence based measure

The starting point could be comparing the legal instruments for licensing the SACCOs (which in some countries is Financial Cooperatives Act) against the industry practice.

Dear David,

I would suggest to refer to the public disclosure of the UK based The Co-Operative Bank: http://www.co-operativebank.co.uk/investorrelations?int_cmp=topnav_investorrelations

For the analysis of corporate governance at place in a bank and the evaluation against international best practice, please feel free to refer to my research paper: "Case Study: Analysis of Corporate Governance and Management Control at Kendallville Bank": https://www.researchgate.net/publication/306515523_Case_Study_Analysis_of_Corporate_Governance_and_Management_Control_at_Kendallville_Bank

It was published in the International Journal of Applied Economic Studies Vol. 4, Issue 3, pp. 14-20 and thus can be used for referencing.

Paul

Article Case Study: Analysis of Corporate Governance and Management ...

Governance structure needs to be reviewed whenever the policy changes happen, including that of government liberalization or even when competition in the market; this is to prevent power bottlenecks in the leaders and marginalization of the down the line employees or members to perform the best required delivery.

Some examples 

http://www.ilo.org/public/english/employment/ent/coop/africa/download/upma_uganda.pdf

http://www.helsinki.fi/taloustiede/Abs/DP65.pdf