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{
    "id": 613484,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/613484/?format=api",
    "text_counter": 262,
    "type": "speech",
    "speaker_name": "Hon. Lessonet",
    "speaker_title": "",
    "speaker": {
        "id": 67,
        "legal_name": "Moses Lessonet",
        "slug": "moses-lessonet"
    },
    "content": "The mandatory signatory is the chief executive officer. The reason why we are reducing the options available to the chief executive officer for signing to two is that he can choose one from the two. You will have seen this in your school boards. Whenever you have more than two signatories, when two are required and you have more than other two options, that mandatory signatory has time to play these three or four signatories, that when you do not agree with him, he can always look for another one who is already authorised to sign. So, we wanted to reduce that number to two so that he can only choose from either two not three. The signatories will not change. The signatories will remain two at the CBK. That is the import of this amendment. It will be the chief executive officer and one other director. For that one other director, we are only reducing the options available to the chief executive officer, that he can only chose from another two not three. That is the import of the amendment. It is for the good of management of CDF. I thank you."
}