John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

You’ll be familiar with it. "While work had been initiated in other areas such as directors’ compliance statements and a corporate governance code in 2004 and 2005, this did not lead to their imposition on the industry."

Why, in your view, were those compliance statements not introduced? And do you have a personal position as to whether they should have been introduced then?