Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 740516,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740516/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "I also realise that it also tends to protect them, but the pretence that the directors do not know the consequences of their action in advance can no longer be accepted as a reason for not taking liability because Clause 16 of this Bill addresses that. It would be a travesty of justice if the directors said they undertook a certain transaction without knowing what the consequences would be and, therefore, making people to suffer. It would be against the known doctrine that ignorance is not a defence. Shareholders are the mainstay of many big companies and the main way people benefit. Therefore, this Bill clearly states how disputes arising from shareholding can be resolved. Otherwise, people will not invest and, therefore, companies will not grow and even if they do, those who invest will not get their rightful shares from the proceeds of these companies. These remedies are needed and this Bill addresses those issues. It is important to protect the 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."
}