Professor Tim McCarthy:

In short, yes, we are at the front line here. We are so used to following the lead from others in Europe and across the world. What we can point to is what some others have done, and we mentioned this at the start, and not just the USA but also Canada and Australia, in doing practical things in ensuring we have good governance at the top. That is pointing to policy and to strategy and bringing the regulatory alignment, but also looking at those nuanced issues and codes of practice right through to stakeholder engagement. Doing a practical thing, we might consider setting up an advisory committee so it is not left to one body to carry the heavy lifting. Those issues mentioned are not easy ones to sort out. We are not going to sort them out here today, but we could do these practical steps that have been done in other jurisdictions, be at the front line here and show the way rather than us in Ireland usually following others.