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{
    "id": 1285008,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285008/?format=api",
    "text_counter": 357,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " Hon. Temporary Chairlady, in matters of corporate governance, usually the board more or less oversees the policies made by the management or head of institutions, in this case, the managing director. The thinking behind this is you may make a decision to privatise a particular institution, and it takes five years to accomplish that. This necessitated that the board should have an annual report on that privatisation programme. For example, to prioritise an institution that existed five years ago, circumstances may change five years later. Remember that the privatisation programme would have been approved by the National Assembly. As much as the National Assembly has approved that privatisation programme, there is need for an annual review – which is what we call an audit – and a report being made to the necessary authorities. A specific report on the privatisation programme should be made to the Auditor-General if it is a public institution. That information should not necessarily be in their financial statements."
}