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{
    "id": 697959,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/697959/?format=api",
    "text_counter": 37,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "while the PIC looks into issues of parastatals. I am a Member of the PIC and most of the time, we find that procurement rules are not being followed. When you interrogate the issues, you find that the problem comes from the board of directors. We can look at the KQ under Titus Naikuni as the CEO and the current CEO, Mr. Ngunze. The KLM being a shareholder and owned by the Lafarge Company, a French company and one of the biggest multinationals, the KQ CEOs represented Lafarge. That is why we had conflict of interest. In terms of corporate governance where we have the CEO, they must be distinct from the board of directors. In decision-making, whatever the senior management proposes has to go to the board for purposes of approval. However, in a situation where you have a CEO and at the same time the same CEO has determined the board of directors, when it comes to decision- making, the board members are just rubberstamps. One of the biggest problems in KQ has been issues to do with governance. The CEOs are so powerful that the board of directors are just there as rubberstamps. This Bill is going to put in place continuous training, so that the directors can have capacity to make decisions for the interest and the success of that entity. Hon. Temporary Deputy Speaker, I have looked at the Institute of Directors of Kenya Bill and it is a good Bill. I have a humble request to make as we move forward. I know it has nothing to do with counties, but we have seen some situations where some counties have started coming up with their own parastatals. For example, we have the Nairobi City Water and Sewerage Company in Nairobi. I was talking to the Governor, Meru County, the other day and they are also trying to come up with something. Maybe at a later stage, we will also involve those parastatals which have been created in the respective counties, so that whatever they establish, corporate governance should be in line with whatever is outlined here."
}