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{
    "id": 697977,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/697977/?format=api",
    "text_counter": 55,
    "type": "speech",
    "speaker_name": "Hon. Makenga",
    "speaker_title": "",
    "speaker": {
        "id": 1650,
        "legal_name": "Richard Makenga Katemi",
        "slug": "richard-makenga-katemi"
    },
    "content": "Hon. Temporary Deputy Speaker, once the proposed Institute is formed, it will regulate the management of public bodies. It will bring on board policies that will aid better control mechanisms within public institutions. There is an international organisation called the Organisation for Economic Cooperation and Development, which was established in 1960 and it helps Governments to tackle economic, social and governance challenges. Its main objective was to promote policies that will improve the economic and social wellbeing of people around the world. If the Institute of Directors is set up in Kenya, there will be a paradigm shift in the management of public bodies in this country. The way things are done in this country is worrying. You find a CEO and members of the board of directors of a certain parastatals embezzling public resources without any effort being made to stop them. The habit has crippled many public organisations. The perpetrators of this vice do not consider the effects of embezzlement. They end up running down the organisations. The proposed Institute will put in place policy guidelines on how people who are appointed to serve in public institutions should behave. The core principles of corporate governance are integrity, accountability and the capacity of an individual to run an organisation effectively. This Bill has come at a time when we are witnessing very key companies in Kenya being run down. The effects of running down those companies will be devastating. Many people will lose their jobs. There is imminent strike or go- slow by KQ pilots because of what is happening at KQ. We take pride in KQ for being the pride of Africa. If the company is run down, it will be a shame for Africa. The KQ is one of Africa’s most admired airlines in the world, but because of poor governance within it, it has brought shame to this country. I support the establishment of the Institute because it will bring on board skills in the corporate world. Once registered by this Institute, then you must adhere to the set ethical principles. You cannot just move into an organisation, run it down and then move to another organisation. Kenyans will have to completely change the way they do things. The Organisation for Economic Cooperation and Development (OECD) was established in order to restore confidence in markets and make institutions function better. If this Institute is 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."
}