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{
    "id": 698027,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/698027/?format=api",
    "text_counter": 105,
    "type": "speech",
    "speaker_name": "Hon. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 3036,
        "legal_name": "Timothy Wanyonyi Wetangula",
        "slug": "timothy-wanyonyi-wetangula"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker for giving me a chance to contribute to this Motion. The world over, all successful business entities are very well managed by efficient boards that are professional and that are headed by competent people who have the requisite qualifications. Sometimes, our parastatals fail because people are appointed on the basis of political correctness. They get appointed not because they should improve those institutions, but because they intend to turn them into cash cows. So, that institute should have been put in place like yesterday. Through such an institute and others like the Institute of Certified Public Accountants of Kenya (ICPAK), we should inject professionalism in the appointment of directors of boards. Boards steer parastatals and corporate bodies to success. If you look at successful companies such as Safaricom, you will find that they have very efficient boards. Such boards comprise of professionals. Banks are supposed to be managed by people who are very efficient and who are expected to inject skills in the business. When such people leave the institutions, they also leave behind a very rich legacy. Look at the way Kenya Airways was managed before. What is happening now is because of lack of competency and efficiency. If you look at companies that are struggling, you will 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."
}