Oireachtas Joint and Select Committees
Tuesday, 5 November 2013
Select Committee on Jobs, Enterprise and Innovation
Companies Bill 2012: Committee Stage
11:35 am
Dara Calleary (Mayo, Fianna Fail) | Oireachtas source
Subsection (3) provides "that a director of a company may have regard to the interests of a particular member of the company". However, that may be contradictory to the obligation on directors to act in the best interests of the company. Therefore, this could offer somebody a way out of acting in the best interests of the company if this language is not tightened up to clarify exactly what it means by stating "that a director of a company may have regard to the interests of a particular member of the company".
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