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{
    "id": 560989,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/560989/?format=api",
    "text_counter": 571,
    "type": "speech",
    "speaker_name": "Hon. Njuki",
    "speaker_title": "",
    "speaker": {
        "id": 1372,
        "legal_name": "Onesmus Muthomi Njuki",
        "slug": "onesmus-muthomi-njuki"
    },
    "content": "On the other hand, the issue of the irregular transfer of shares by parastatals to private owners has been critical but it has not stopped. Although this may not be in this Report which we are yet to pass, most of the time Government officers collude on behalf of the Government to lose some shares that the Government holds in key parastatals in this country. That reduces the power of the Government in these board meetings because the power in them is dependent on the percentage ownership or shareholding by the Government. That is why the golden rule should be utilised whereby as long as we have investments in parastatals irrespective of whether we are the majority shareholding or not, the Government should be allowed the golden chance to sit in those parastatals boards so that they can make decisions on behalf of Kenyans who have invested in the parastatals."
}