Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

With due respect, I came from the private sector. There are constraints in many private companies in terms of meeting deadlines. The Chairman will be well aware of this. There are small companies which cannot meet their filing requirements within nine months and run the risk of being struck off. Suddenly, there is a situation where taxpayers' money is tied up in various bodies. I am not being personal, but one has to make the observation that it is patently unfair. Proper corporate governance procedures are not in operation. As a committee we need to make a firm statement that deadline dates have to be complied with.