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{
    "id": 859022,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/859022/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker, for this opportunity. I would like to take this opportunity to support the PIC Report. First, I thank the Chairman, his Vice Chairman and the entire Committee because coming up with such a Report is not easy. I also thank the clerks who have been very committed and who have worked round the table to bring this Report. We do know very well that committees are the ones that generate business for the plenary and the PIC is one of the oversight committees. We have PAC and PIC. The Public Accounts Committee heavily focuses on the ministries and PIC’s focus is mainly on State corporations, more importantly when it comes to matters of value for money. I thank the Chairman and the Vice Chairman. They have moved it very well and I can see the keen interest that the Members have shown. One of the critical issues that cut across this work is we realised that when it comes to State corporations, the Government spends a lot of money but in terms of the governance structure, the boards across the State corporations are particularly not well constituted. This gives a loophole for people to steal public funds. You will find the CEO of a particular corporation reporting to a board with no chairman. When you look at the State Corporation Act, His Excellency the President is the one responsible for appointing the Chair of a State corporation in terms of the board then the relevant CSs are the ones to appoint the members of the board. In some of the critical parastatals, you find the board is not well constituted. You find the CEO at one time manipulating the entire board. He is the one to make decisions. When you look at the governance structure and you look at the theory of governance…"
}