Results 381-400 of 9,753 for speaker:Terry Leyden

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: —is that one votes with the party on the day. That is the key point but in the meantime one can certainly have one's own views and try to influence Government decisions. I want to make a number of points to the Minister of State concerning changes to the Bill which he may take into account. I am pleased that the evidence before the rights commissioner will be heard in private. The Minister...

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: I do not agree with that.

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: Go raibh míle maith agat.

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: Is Senator White announcing her campaign?

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: I say it too, as long as it does not affect my seat.

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

Terry Leyden: I mentioned members of the Army as well as the Garda.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: I welcome the amendments made to the Bill. I read the Blacks of yesterday's debates and compliment the parliamentary reporters. Senator Maurice Hayes was a little upset by my reference to fat cat directors but I exclude him because he is a wonderful, unselfish director. I oppose the amendments.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Senator Quinn's points are excellent and come from his vast experience of business. If I was in the Minister of State's position, I would consider those points and adjust the Bill accordingly. The Senator is being very reasonable in pointing out that failure to act under this section may lead to someone being taken to court and found guilty of an offence. That is very extreme and is...

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: I can see from where Senator Quinn is coming. The audit committee must have credibility and it must be independent. If these lines were deleted, one could, technically, invite a retired employee of a company to sit on such a committee. I do not think it would be an independent group. The audit committee needs to be totally independent of the organisation because that is the only way it will...

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: I am not accusing Senator Quinn of exaggeration in general but he may have exaggerated some of the responsibilities being placed on directors. The new section 205E(5)(a)(i) requires directors to specify that they have used all reasonable endeavours to secure the company's compliance with its relevant obligations in the financial year to which the annual report or notes relate. I cannot...

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: We have something called parliamentary privilege and have been elected to be responsible—

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: It is my view that one should use parliamentary procedure but not abuse it.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Thank you for the correction, a Chathaoirligh. I meant to say parliamentary privilege. I believe I am in order in speaking on this matter because this section deals with directors.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Thank you for your help, a Chathaoirligh. I might compile a list of directors who appear on the boards of all the big companies. I may even ask the public to send me names. Directors flew to New York for meetings of the governors of the Bank of Ireland and went to locations such as Monaco for celebrations. However, they did not take their responsibilities seriously and this Bill will make...

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: They ignored the auditor's warning. Senator O'Toole's memory is selective.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Well said.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: That is correct.

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Fraud?

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: Acting Chairman—

Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)

Terry Leyden: On a point of order, as was the case when I was a Member of the Dáil, I respect the rules of the House. Any comments I made were uttered on the basis of debating the Bill. My comments related to a historical fact, namely, the massive losses of a particular company – which was warned by its auditors that problems would arise – and I make no apologies for them.