Dáil debates
Wednesday, 28 November 2012
Credit Union Bill 2012: Report Stage (Resumed) and Final Stages
5:30 pm
Tommy Broughan (Dublin North East, Labour) | Oireachtas source
The arguments have been well put. Will the term limit contained in sections 14 and 15 be examined again and be left to the local organisation itself to decide if it will impose restrictions? Elsewhere in general company law, corporate governance conditions for directors have been become very strict over the past six years. This type of approach in the case of credit unions, however, has not been pursued. The provision's implications were only realised by the smaller credit unions when the Bill was finally published. I urge the Minister to look at our amendments again.
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