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{
    "id": 810694,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810694/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Roysambu, JP",
    "speaker_title": "Hon. Isaac Ndirangu",
    "speaker": {
        "id": 2701,
        "legal_name": "Isaac Waihenya Ndirangu",
        "slug": "isaac-waihenya-ndirangu"
    },
    "content": "One of the important aspects envisaged in this Bill is its clear policy of governance. It is clearly guided by the Mwongozo spirit which is the policy guidelines of all parastatals in Kenya Government bodies and Semi Autonomous Government Agencies (SAGAS). This Bill provides for specialisation in all matters of management from human resources to finances et cetera . It seeks to create the function of fund manager who will specialise in the implementation of investment policy of the scheme as approved by the board. We will also have a custodian as created by Clause 24 who will be charged with receiving all contributions remitted by employers. We will also have an administrator who will ensure that this fund is well taken care of in matters of administration and, of course, the CEO who will be the chief executive of the board. On the composition of the board, this Bill ensures that all stakeholders will be represented in the board of trustees. The Treasury will be represented. Trade unions, the workers, the service boards and all people who need to be involved will be involved."
}