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{
    "id": 981976,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/981976/?format=api",
    "text_counter": 377,
    "type": "speech",
    "speaker_name": "Sen. Orengo",
    "speaker_title": "The Senate Minority Leader",
    "speaker": {
        "id": 129,
        "legal_name": "Aggrey James Orengo",
        "slug": "james-orengo"
    },
    "content": "and important because it is a realization of the role that these SACCOs play. The amendment there which is going to come after Section 48 of the principal Act is quite clear because it lays out provisions for determination of suitability. This is so that we have the right people for the positions of the board members, and the Chief Executive Officer (CEO) in this growing and expanding sector, if I may put it that way. They should have certain qualifications and their financial status of sovereignty is a matter that should be considered. All this is for good measure. There is an interesting one under Clause 48A (2) (d) which is:- “The ability of the person to carry on the regulated activity competently”. I think that this is a very important consideration. Many co-operative societies, as they were at the beginning, were destroyed by being managed by the wrong people. As I pointed out at the beginning, all these measures are to ensure that these societies are led by people who can manage these organizations. The issues of character and reputation, financial integrity and the likes are matters which have to be considered. I know that even in the field of the trade unions, for somebody to qualify for the position of Secretary-General, one is required to not have been convicted of an offense involving dishonesty and fraud. I think that these amendments are also to that effect and very critical, if this sector has to grow. The other amendment which I have found in Section 50 of the principal Act, which is also equally interesting and it says in Section 50 (8): “The authority may impose minimum standards on significant members and officers of the SACCO society as prescribed, including a mandatory continuous or minimum professional development course, training and certification which every board member, Chief Executive Officer or an officer of a SACCO society shall undertake or attain before serving or seeking to serve as a board member, Chief Executive Officer or an officer of a SACCO society”"
}