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"id": 45803,
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"type": "speech",
"speaker_name": "Mr. Wako",
"speaker_title": "The Attorney-General",
"speaker": {
"id": 208,
"legal_name": "Sylvester Wakoli Bifwoli",
"slug": "wakoli-bifwoli"
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"content": " Mr. Temporary Deputy Speaker Sir, the objective of the Bill is to develop a modern company law to support a competitive economy in a coherent and simple form. The reforms of the Company law contained in the Bill rest on three key objectives: (a) enhancing shareholder engagement and a long term investment culture. (b) ensuring better regulation. (c) making it easier set up and run a company. (d) providing flexibility for the future. The terms contained in the Bill will affect the role and responsibilities of executives as I can point out and non-executives, including finance and human resource directors. The key features of the Bill include new obligations relating to the directorsâ duties, the corporate reporting, shareholder relations and e-communications. We are now into e-communications. It is all there in the new Bill. Hard copy, soft copy, all those terminologies are there under this Bill and also the responsibilities and obligations relating to indirect investors."
}