Personally I'd go for 4 turns = 1 year.
Once a matter has been covered by snow, let it rest.
It also offers some time for the offender (retainer, subordinate) to talk to his liege and perhaps explain the reasons for his actions, ask forgiveness and offer amends. But at the same time gives a strikt deadline for the commander to decide if he wants to censure or not and not let the matter drag on for ages.
Still, I hope censures will be the exception and not daily business and that we will have our hands so full of work with building our empire that we will have to work together and not spend time fighting each other.
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