Paul Gavan (Sinn Fein) | Oireachtas source

I thank our guests for their attendance. I should declare an interest at the beginning. I am a trade union member and former trade union official. I certainly support this Bill, along with my party, Sinn Féin. I cannot believe this issue is still going on, seven years after the Duffy-Cahill proposals were published. I will start with our colleagues from the Company Law Review Group, by asking about their December 2021 report on the issue of splitting of corporate operations from asset-holding entities in group structures.

Will Mr. Egan outline how companies do this in practice and the damage such practice does to the State and in particular to workers? Can Mr. Egan also outline the recommendations that the CLRG made to the Department regarding necessary amendments to the Companies Act 2014 to further enhance the regulatory framework?