Niall Collins (Limerick, Fianna Fail)

At a committee meeting yesterday, the Minister, Deputy Varadkar, informed us that Dundalk Port Company has failed to meet its obligations to maintain its pension fund properly and to register with the Pensions Board and has reneged on a number of other responsibilities. He said he sought to refer the matter to the Office of the Director of Corporate Enforcement but he received legal advice from the Attorney General to the effect that he could not do so because company law does not provide for it. Does the Government have any plans to amend the Companies Acts to allow action to be taken in the event of corporate governance failures by companies like Dundalk Port Company?

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