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"id": 1509363,
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"type": "speech",
"speaker_name": "Sen. Wafula",
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"content": "Mr. Speaker, Sir, I rise pursuant to Standing Order No. 53(1) to seek a Statement from the Standing Committee on Labour and Social Welfare regarding the status of the Equity Bank Kenya Limited Employee Share Ownership Plan ASOP scheme. In the statement, the committee should- (1) Provide a list of the trustees currently managing the Equity Bank Employee Share Ownership Plan scheme, explaining how they were appointed. (2) Provide an annual breakdown of the number of employees who have joined as well as those who have opted out of the ASOP scheme from 2005 to date. (3) Outline the terms and eligibility criteria for redemption of units held under the ASOP scheme. (4) State the number of employees who have so far applied to redeem units held under the ASOP scheme, indicating the amount of cash or shares received by the respective employees so far. (5) Table financial advance statement in respect of the ASOP scheme, indicating the total units held, accrued dividends and interest as well as all the bulk transactions from 2005 to date. I thank you."
}