Oireachtas Joint and Select Committees

Tuesday, 5 February 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018: Discussion

Ms Sabha Greene:

I do not know whether there would be resistance to such an organisation. It is a relatively recent recommendation. Until now, the emphasis has been on ensuring that the various areas of expertise work as closely together as possible while developing their areas of expertise. My only concern would be that if one has a big agency, one may risk losing speciality expertise because there is a limited pool of resources. I am not aware of any resistance to the concept. People are openly considering it. One thing we know from putting together this general scheme is that clarity on one's mandate is very important from an enforcement point of view. One needs to know exactly what it is one is meant to be going after. Different offences bring different challenges and, therefore, different levels of expertise. It needs far more thought but I am not aware of any opposition to it at this stage.

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