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{
    "id": 578523,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/578523/?format=api",
    "text_counter": 460,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "are occupied by people who meet the requirements in terms of academic qualifications and experience. When I look at this Bill and the person expected to be a CEO, I can see a deliberate attempt to make sure that the person who is going to head this institution is going to be a very competent person. If we get competence at the highest level then, automatically, those who will be under that person will be given the right directions and will be making the process good for the country. But there are two areas that as we think about this Bill, hon. Members need to think through. I do not know how it will be done but it might call for amendments. There is a very good proposal where we are saying that these SAGAs which are expected to keep registers of all companies are going to be registered. There will be a proper filing of who has registered a company and where. This is very good but, you know we have this currently. We have seen situations where anytime a company is adversely mentioned and there is need to establish who the directors are, two things will happen; either the company’s file will disappear or the directors will be changed overnight and by the time you check the next day, it will be a different company. So, as we make this law, we will need to tighten that particular clause to make sure that, in future in Kenya, there will be no situation where a company will disappear and we cannot know who the directors of registered companies are; or there will be no opportunity at all where people can change the directors overnight without realizing that directors have been changed. Those are some of the areas where we need to change the law."
}