Oireachtas Joint and Select Committees

Wednesday, 10 November 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I do because this legislation covers not only those who would be subject to additional conduct standards, which would be the most senior roles, but it will also cover a large number of employees who will be subject to conduct standards and a more normal base level of expectation. Maybe what is guiding the Deputy's question and thinking on this is our expectation that this will mainly be implemented through company policy, rather than through the sanctions that will form part of the additional conduct standards. Overall, I believe it will have the effect we are looking for.

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