Oireachtas Joint and Select Committees

Tuesday, 19 February 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

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

Mr. Ian Drennan:

The Chairman's comments are appreciated in both senses of the word. I appreciate them but I also understand what she is trying to convey. As I said, the transition from an office to an agency undoubtedly assists with flexibility around staffing, being more agile in dealing with succession planning and bringing in a greater level of expertise in specialist areas and so on. That said, hindsight is 20-20 vision. I think anyone in that situation again, without knowing what was to come, would run the same risks. It was completely unprecedented - I do not use the word lightly - in the sheer scale of five separate strands of investigation, each of which on its own merits was enormous. The reality of any organisation, irrespective of how big or small it is, is that if one tries to carry that kind of load, that level of complexity and volume, across a relatively small number of people, things go wrong. Unfortunately, in this case they went wrong in a pretty catastrophic way and the wheels came off.

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