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"id": 45807,
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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, under Part II, you will find issues such as employeesâ share scheme â the definition of what that means is not there under the current Companies Act. It will take care of the employees. The modern trend, as we know, is for companies to encourage employees - as part of the incentives - to own shares where they are working. It will not just be employees providing labour, directors earning their salaries and shareholders earning the profits out of the employeeâs sweat. The employee, in addition to his salary, is encouraged to own part of the company. In addition to the salary, he can also share in the sweat of his brow and in the profits of the company. It is a new concept that has been introduced in this Bill."
}