{"id":572980,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/572980/?format=json","text_counter":156,"type":"speech","speaker_name":"Hon. Katoo","speaker_title":"","speaker":{"id":199,"legal_name":"Judah Katoo Ole-Metito","slug":"judah-ole-metito"},"content":"Every country tries to have her own laws that are competitive and simplified in order to make the country very important globally in terms of doing business. This Bill may not be very perfect. However, with amendments that Members individually or through the Committee will propose at a later stage, we can make it a very comprehensive Bill, as I have said, takes into account current trends of globalisation and regional integration in the ways of doing business. It further intends to reflect on the prevailing circumstances of carrying out business in a modern economy. This includes the modern patterns of regulation and ownership. The proposed Bill has many clauses that talk about regulation in terms of auditing and ownership and in terms of both foreign and local representation in the foreign companies. Above all, it talks about regulation of our privately or publicly owned local companies in a very transparent and accountable manner."}