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{
    "id": 698028,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/698028/?format=api",
    "text_counter": 106,
    "type": "speech",
    "speaker_name": "Hon. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 3036,
        "legal_name": "Timothy Wanyonyi Wetangula",
        "slug": "timothy-wanyonyi-wetangula"
    },
    "content": "notice that something is lacking. When we get into jobs people who are qualified and competent, we will be able to develop our corporations. We will ensure that they do good business. Those corporations are supposed to make money and create wealth for us. The persons appointed as directors should strive to take those entities to higher levels. When we get to that point, we will never be worried about where a person who has been appointed as director comes from or which ethnic group he or she belongs to. If you look at the Central Bank of Kenya (CBK) right now, it is being managed very well because the person there now, Dr. Njoroge, is somebody who nobody can doubt his competence. He qualifies and has gone there with an independent mind. He is operating above board and everybody is happy with what he is doing at CBK. Before, there were some things that were happening that were not very good. You can remember in the 1980s and the 1990s when banks were collapsing because there was something amiss. So, we believe that when we have integrity, competence, professional academic qualifications and the track record of somebody, we are going to get people who are going to manage our institutions properly. Hon. Temporary Deputy Speaker, this Institute of Directors of Kenya Bill will bring a lot of improvement in the management of our parastatals and corporates. This is not just in the public sector. We are looking at the private sector also so that, that body can act as a regulator for professionals. Organisations like the Law Society of Kenya (LSK) manage and control lawyers. You cannot just behave in the way you want because there is somebody watching. When providing an oversight role, it will bring efficiency and competence in the corporate sector. I support and congratulate my brother, Hon. David Ochieng, for bringing this Motion. It is very timely. I am sure it is going to inject a lot of efficiency and improvement in the management of our corporate sector. Thank you, Hon. Temporary Deputy Speaker, for giving me an opportunity to contribute to this."
}