Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I acknowledge the speedy report and its directness, but the reality is that it could happen again, despite the sentiments expressed in the Minister of State's report. Section 224 of the Companies Act states directors must have regard to the interests of employees and that this is among the fiduciary duties of company directors. Surely there is scope within that section to ensure what happened will not recur. I am conscious that there is an investigation taking place, but the liquidator has one month left in which to provide a report for the ODCE. Has the Minister of State asked the ODCE to put him on notice when the report is received? If so, as soon as it is received from the liquidator, his departmental officials will have sight of it to take action, if necessary.

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