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{
    "id": 573006,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/573006/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Hon. G.W. Omondi",
    "speaker_title": "",
    "speaker": {
        "id": 1169,
        "legal_name": "George Washinton Mallan Omondi",
        "slug": "george-washinton-mallan-omondi"
    },
    "content": "their decisions in mind. At the same time, they are expected to have the interest of the employees in mind as well as the local communities from where they operate and the environment. Again, Section 147(1)(a) requires the directors to avoid any actions on their part that will bring conflict of interest either directly or indirectly. Section 148 also talks about what is required of the directors and managers. Section 152 of this Bill requires the directors to declare their interest in any transaction that they are going to undertake with the company. Again, Part 9, Division V stipulates that transactions of the directors require the approval of the members. This is one of the areas that directors of companies have been doing as they wish and in the process end up “killing” the companies. Part 10, Section 215 enables the courts to disqualify certain people who are found to be involved in criminal activities or questionable characters from involving themselves in the formation, running and promotion of the company."
}