Oireachtas Joint and Select Committees

Wednesday, 14 December 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Co-operative Societies Bill 2022: Department of Enterprise, Trade and Employment

Mr. John Shine:

Our sense is that succession through the generations is not necessarily something that actually happens a lot. There are various issues to balance here such as property rights of the business owners and so on. We are not explicitly proposing to provide for it but we are providing a more supportive environment that might facilitate it. It will be easier to set up, run and get finance for co-ops because of the modern legislation, the additional corporate governance and so on.