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{
    "id": 928890,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/928890/?format=api",
    "text_counter": 162,
    "type": "speech",
    "speaker_name": "Kimilili, JP",
    "speaker_title": "Hon. Didmus Barasa",
    "speaker": {
        "id": 1885,
        "legal_name": "Didmus Wekesa Barasa Mutua",
        "slug": "didmus-wekesa-barasa-mutua"
    },
    "content": "However, I would like to make it clear that you may have a director who does not have good ethics but is competent. Equally, you can have some directors who are highly competent but they lack ethics. So, this Bill will bring some good practice in that industry that is completely unregulated. I also want to make it clear that if we will ensure that nobody will be appointed director of a company unless they are a member of this institute, we will miss the point. We have scenarios where individual Kenyans want to form their companies. I will sit down with Hon. (Dr.) Chris Wamalwa to refine and make it clear that either, after you have become a director of a company by forming it or being appointed, then you can voluntarily decide to join the Institute of Directors of Kenya as a member and then you will be bound by the decisions of that institute. That will make it liberal even to those members who have fears that this regulator may curtail interests of those who want to form companies and become directors or that it will restrict authorities in this country who quite often would want to appoint directors to govern or manage State corporations. So, once these issues are clarified we will move forward in the same way that we have the Institute of Engineers of Kenya. They do not guide you on who to employ as an engineer but the engineers that join them have privileges in terms of training and institutes that hire them have a clear peace of mind that they have engaged a competent person who is a member of a professional body."
}