Dáil debates

Thursday, 23 November 2017

Ceisteanna - Questions - Priority Questions

Office of the Director of Corporate Enforcement

10:45 am

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

The Deputy is doing a complete disservice to the work of the ODCE in the way he has described it this morning. He need only look at the 2016 report - as the Leas-Cheann Comhairle has said to me, I do not have time to go into detail - as there is figure after figure. In 2016 alone, 90 company directors were restricted and 11 were disqualified by the High Court, while 93 restriction undertakings were obtained from directors of insolvent companies. A register of persons deemed disqualified and restricted, as maintained by the Companies Registration Office, was reviewed. A total of 83 incidences were identified where persons appeared to be acting in contravention of court orders and in excess of 1,050 statutory reports and referrals were received from liquidators, auditors, professional bodies and so on. A huge amount of work has been done by the ODCE. The Government has worked to put together a stronger package and to enhance the powers of the ODCE. We recognise there is further work to do in the area and that is why the announcement was made with regard to a range of initiatives that are being undertaken to make sure that the office is even stronger and is not an arm of the Department but will be an independent body led by commissioners, as are the Irish Human Rights and Equality Commission and the Revenue Commissioners. We are moving to a much stronger-----

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