{"id":45803,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/45803/?format=json","text_counter":230,"type":"speech","speaker_name":"Mr. Wako","speaker_title":"The Attorney-General","speaker":{"id":208,"legal_name":"Sylvester Wakoli Bifwoli","slug":"wakoli-bifwoli"},"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 directors’ 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."}