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{
    "id": 723073,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723073/?format=api",
    "text_counter": 175,
    "type": "speech",
    "speaker_name": "Hon. Kipyegon",
    "speaker_title": "",
    "speaker": {
        "id": 1453,
        "legal_name": "Johana Ngeno Kipyegon",
        "slug": "johana-ngeno-kipyegon"
    },
    "content": "The other part which I support fully is where the Authority will vet directors. For a long time, most of the SACCOs are just formed based on the members who have agreed to form them, but the picking of directors who manage the activities of the SACCO is not subjected to serious scrutiny. This law will allow the Authority to vet the directors who will be appointed to those positions especially on matters of qualifications which is also quite important. If parastatals and the private sectors do not allow directors who do not understand the running of the institutions, SACCO directors, who will be holding people’s money must pass through a certain vetting and qualification process to allow them to run the particular institutions. Directors should also be vetted on their financial background. Most people have had serious financial backgrounds. Some people might be having issues with banks or with other individuals. Financial background is quite important so that we only get directors who have clean financial backgrounds. 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."
}