Aden Bare Duale

All parliamentary appearances

Entries 7701 to 7710 of 17810.

• 6 Jun 2017 in National Assembly: accountability in the management of both public and private companies in our country. This is as a result of what happens when big banks like Chase and Imperial collapse. The reason why those companies or those banks collapse is because the relatives and the family members of those banks did not make full disclosure to the Registrar of Companies on their shareholding in those companies. So, there is a lot of insider trading that goes on both in the private and in the public companies. Clause 10 is trying to cure that. Clause 11 proposes to amend Section 135(1) of ... view
• 6 Jun 2017 in National Assembly: Clause 12 proposes to amend Section 146 of the Act. This is to expand the instances where a director is to avoid a conflict of interest when dealing with the matters of a company and to keep clear mandate on who can give authorisation. If you are a director of a company, you must declare your interest. You cannot do business with that company. This is to make sure that we create a very good corporate governance structure for the running of both the public and the private companies in our country. Within the reading of Clause 12, the amendment ... view
• 6 Jun 2017 in National Assembly: Clause 25 of the Bill proposes to amend Section 392(2) of the Act. This is to provide that the variation of the rights attached to any class of shares held by an investor in a company with share capital can only be implemented, if the holders of the shares of that class give consent to the variation being done. Therefore, a board of directors cannot do a variation in terms of the shareholding without prior consultation with the shareholders themselves. All these amendments are to align the new Act that we passed in 2015 to a very good corporate governance ... view
• 6 Jun 2017 in National Assembly: Hon. Speaker, at the outset, I want to thank my colleagues for their immense contribution. These are just few amendments to help improve on the operationalisation of the Companies Act 2015 just to make sure that we tie the knots and create strong corporate governance to show how both public and private companies and those listed in the Stock Exchange are managed. Secondly, as I said earlier, Kenya being part of the global market and being a country under the leadership of President Uhuru Kenyatta, a country that wants to attract investment, it is imperative that all the laws relating ... view
• 6 Jun 2017 in National Assembly: . On Clause 51, Hon. Neto, from the time we passed this law in 2015, there was enough grace period for companies to regularise their systems and registration under the new Act. So, the transitional clause that we provided then, in one-and-a-half years has served all the companies that existed before the coming into effect of this law. That is why this is a clean-up exercise where we do not want to have a transitional clause to infinity. I am happy and I am sure that Members have made their contributions for the last one-and-a-half hours. I beg to second. view
• 6 Jun 2017 in National Assembly: I beg to move. You know because of Ramadhan, my sugar level and everything else is going down. Excuse me but I beg to move. view
• 6 Jun 2017 in National Assembly: Thank you, Hon. Speaker. I did not contribute. My colleague Hon. Katoo ole Metito and Members contributed but now it is my opportunity to contribute to the Constitution of Kenya (Amendment) (No.6) Bill 2015, which is known as the “Duale II”. The object of this Bill is to amend the Constitution to give effect to Article 81(b) of the Constitution. Article 81(b) stipulates that not more than two-thirds of members of elective public bodies shall be of the same gender. This Bill therefore ensures that Members of the National Assembly and the Senate conform to the two-thirds gender principle as ... view
• 6 Jun 2017 in National Assembly: Now they are at 28 per cent. Tomorrow they are going to elections. I hope they will increase their numbers. Clause 4 of this Bill further seeks to amend Article 97 by inserting a new clause to ensure that the special seats are allocated proportionately to the number of seats won by a political party and that the provisions of the new clause (1)(ca) will lapse 20 years from the date of the first general elections after the commencement of this provision. Basically, it is what the Labour Party did then to increase its numbers of one gender to get ... view
• 6 Jun 2017 in National Assembly: From our party nominations, particularly the Jubilee Party, we are happy to report to the nation that we have increased the number of women leaders coming to the 12th Parliament by twofold. In Murang’a alone, there are three women who were nominated including my good friend, Hon. Alice Wahome. Jubilee will be the first political party in the history of Kenya that will have two women governors in the name of…. view
• 6 Jun 2017 in National Assembly: You cannot say point of order while you are standing. You have to sit down. We are not in a market. view