Oireachtas Joint and Select Committees
Wednesday, 15 February 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
General Scheme of the Cooperative Societies Bill 2022: Discussion
Mr. Pat Moyne:
From our perspective we look at it as being an optional facility within the rules that would be introduced to protect the co-operative from itself and to stop members' assets from being stripped as personal gains. In other words, you would retain the earnings within the co-operative for the objects of the co-operative rather than for personal gain. We see it as being an optional thing but it would be to protect the co-operative from itself.
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