Dáil debates

Wednesday, 18 April 2018

Ceisteanna - Questions - Priority Questions

Corporate Governance

10:35 am

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

I thank the Minister for her kind words. I believe I can be co-operative. The purpose of parliamentary democracy is to hold to account while at the same time to proffer ideas that may address some of the challenges out there.

We speak in hushed tones because the alleged breaches in a company, namely, Independent News and Media, INM, relate to corporate governance. We also speak in hushed tones about the alleged data protection breaches in the same company. I tabled this parliamentary question to ensure that we are confident that we have a robustness, not only around the legislation but also around our ability to enforce the legislation. It is a clear issue. We can have very fine Acts on the Statute Book but we need to be able to ensure there is proper enforcement. I accept that fiduciary duties, underpinned by common law and by this legislation, put an onus on company directors. Equally, it places an onus on the State to ensure the enforcement of such legislation.

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