Micheál Martin (Cork South Central, Fianna Fail)

In terms of the world of business, there was a requirement and a desire from business that there would be formalised dialogue on working relationships with Government on regulations in general. This is a good thing. During the summer, the Taoiseach announced that such a group would be established. It is important for business in Ireland, as there is a strong external perception that the Government and its process are agile and responsive to enterprise and business. We gain competitively on that point compared with other countries with which we compete. This is a strong view of Ireland. I see the establishment of the aforementioned forum in such a context. It clearly demonstrates that the Government listens to what people say on the impact of regulation on business and enterprise.

The company law review group was asked to carry out a specific task with regard to legislation pertaining to directors' compliance. It has completed this work, which is currently at Government. The Government will make a decision on the matter shortly.

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