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
Dr. Bridget Carroll:
No doubt about it, there are thousands of viable businesses every year in Europe that close down because of a lack of successor. That is well known. Some countries have drawn attention to the potential for those businesses to be transferred to employees who played a prominent role in their success. Whether legislation is the place for that or not, I am not sure. There needs to be easily accessible information on the potential role of co-operatives in that space. Some countries use the taxation code and some have co-operatives enshrined in the constitution. Whether it is about easily accessible information and a raft of supports, as we discussed earlier, or whether it is for a place in the legislation, I am not sure. There is potential there.
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