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{
    "id": 697982,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/697982/?format=api",
    "text_counter": 60,
    "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, I stand guided. Some organisations like Mumias and KQ have different stakeholders. Being public, the companies have shareholders who hold ordinary shares. In some organisations, there are preferred shareholders. In the event that a company becomes insolvent, the first victims to suffer the effects are the ordinary shareholders. Preferred shareholders are given preference in terms of compensation. It is important to restore confidence of this country in the management of institutions. This Institute has come at the right time and with it, this country will move forward. Some organisations will be very careful not to appoint directors of questionable characters. With those few remarks, I beg to support this Bill."
}