Entry Instance

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

{
    "id": 928880,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/928880/?format=api",
    "text_counter": 152,
    "type": "speech",
    "speaker_name": "Mwea, JP",
    "speaker_title": "Hon. Josphat Kabinga",
    "speaker": {
        "id": 13441,
        "legal_name": "Josphat Kabinga Wachira",
        "slug": "josphat-kabinga-wachira-2"
    },
    "content": "education but are proving to be very successful in that particular area starting very small companies, growing them with the little knowledge that they have, providing leadership to the managers in those companies. I want to make a note that there is a great difference between managers and leaders. Most of these entrepreneurs end up being leaders who carry the vision of the companies that they form. But as the world is growing, there is so much that is changing and there is need for an institution that will continually provide capacity building to such entrepreneurs. We have seen in this country companies including banks, cooperative societies and other small companies come up very well but somewhere along the line, because of lack of proper corporate governance, some of these companies end up going under receivership. They have gone under with public funds and in a way that the originators have ended up in jail. I want our colleagues to note very carefully that this institute is not coming to regulate the appointment of directors into institutions. It is not coming to regulate the knowledge that is expected to be possessed by entrepreneurs, this institute is coming to build capacity for those entrepreneurs and public directors that have already been appointed so that tomorrow, an entrepreneur will be able to separate business investment from family business, so that even as they allow their managers to run those companies, they are providing the bigger picture of those companies. They are there to provide guidance on how the vision that they had initially is to be carried forward so that these entrepreneurs and directors may not start diverting resources tomorrow in to unplanned activities that end up freezing their original companies and ending their visions because of other plans that come alongside the way. Therefore, I want to urge the originator of this Bill to sit with the Justice and Legal Affairs Committee to ensure that as we enter into the Committee of the whole House, we will be able to thrash out some of the areas that seem to be conflicting or bringing confusion especially on the public institutions that are guided by the Act that forms them, so that even as this Bill goes to the President for assent those fears may be addressed. Otherwise, we do not want to lose this very important Bill that is going to look at an area that has been forgotten. As you are aware, every part of our economy has a term “director” in it. Those are the people we are targeting so that our economy can continue growing. These are people we have been saying for a long time, have been left on their own. As an entrepreneur, I have found myself in many cases left alone to make decisions that probably could have been made in a better way by networking with other directors that are in different areas. So, this institute is just bringing together these directors so that they can share ideas. They will look at the challenges and the areas that require improvement so that the institute can come up with standards that would help these directors wherever they are. For this reason, I want to support this Bill and also urge the Mover to sit with the Committee on Justice and Legal Affairs and other helpful committees so that we can strengthen it as we go to the Committee of the whole House. I support."
}