Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 575505,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575505/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a ",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "Hon. Temporary Deputy Speaker, that is correct, but the home of governance is at the Companies Bill, which is pending for a Third Reading. With regard to The insolvency Bill, this is where a company has failed in its governance and the official receiver, or the person who has been appointed to manage that particular company is seeking to resuscitate the company, so that it can survive turbulence in business. When a company takes undue risks by not making serious assessment as to what will happen in the near future, it falls under the Insolvency Bill. Be that as it may, this Bill seeks to protect the serious risk takers. As you know, in the business world, if you are looking for people who are going to discover new things, you need to have a high risk taker. This Bill seeks to protect persons who are seeking to innovate and initiate business, so that in the unlikely event that that person runs into serious problems that may lead to the collapse of their company, this Bill will kick in. In the words of Franklin Delano Roosevelt, once a President of the United States of America (USA), “Courage is not the absence of fear, but rather the assessment that something else is more important than fear”. That is what all serious business people seek to do. They are courageous and this Bill is seeking to protect them. Bankruptcy in Kenya has been governed by the Bankruptcy Act, Chapter 53 of the Laws of Kenya, formerly the English Bankruptcy Act of 1930. This Act has never been amended. The 1930 English Law is what we have been using, yet in the United Kingdom (UK), several amendments have been done to the Act that was passed in 1930 in the UK. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}