Results 521-540 of 4,608 for speaker:Joe O'Toole
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: I will have a bet that he had not read the Bill.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: He had not read the Bill.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: How small is the company?
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: If it is that small, it should be below the threshold.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: The Minister of State is in agreement with Senator Quinn.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: I said earlier and will say again for the benefit of Senator Mooney that the chief executive of the second largest group of accountants in the United Kingdom is opposed to the raising of the threshold. While I have some sympathy for the raising of the threshold, it is accountants who are most strenuously opposed to it. I receive strong representations that it is time we made limited liability...
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: They were. I know the people who told them. The ones who told them had no connection with the IASA, the Department of Enterprise, Trade and Employment or any of those who worked on this legislation. They are the ones who make their living out of creating a market by bringing to them people worried about this issue and establishing courses to meet their concerns. We have to reassure people...
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: In financial matters and in all otherâ
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: I will go through the regulation but I assure the House that we have looked at what I believe is called the blue book of the Securities and Exchange Commission and the raft of regulation emerging in other countries is far more intensive than what is coming through here. That is the reality. We should remember that after a period of a few years there will not be a fund manager, a pension...
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: For the record, her name is Anthea Rose. She is the chief executive of the Association of Chartered Certified Accountants.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: The ACCA is also in Ireland.
- Seanad: Companies (Auditing and Accounting) Bill 2003: Committee Stage (Resumed). (28 May 2003)
Joe O'Toole: Ninety per cent.
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: My understanding of subsection (11) is that "failure to do so" refers to someone who has been excused under the terms of the earlier provision. As Senator Quinn points out, one could take the interpretation he has given. I know that is not intended and reassurance should be given immediately. A phrase such as "a company or relevant undertaking described under this section, unless excused...
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: I second the amendment. I do not agree with it, but I will second it.
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: It has always been my view that it does not need to be five years. If somebody moves directly from being a senior executive to being a board member, one could not describe him or her as independent. That probably happens quite regularly. A person might move from being a senior executive or perhaps retire from the executive function and become an non-executive director. I accept that such a...
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: I knew it was wrong the moment I said it, but I could not retract it. My young colleague, Senator Quinn, will understand what I meant. Perhaps there could be a softening in regard to the five years.
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: While I hold no brief for the directors of the AIB, I wish to distance myself from the comments made by Senator Leyden about them. The case of the AIB is an interesting example. Senator Leyden is incorrect in saying the directors of AIB would go to jail or would be held criminally responsible if the same thing were to happen under this legislation. When the board of directors became aware of...
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: They took responsibility, as a matter of principle, but their board decided that it was incorrect to hold them responsible because they had done as much as they were required to do and that there had been a systems breakdown. One cannot hold directors responsible for the nefarious activities of someone in a backroom somewhere. If that were the case I would support Senator Quinn. If we ever...
- Seanad: Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages. (29 May 2003)
Joe O'Toole: On a point of order, that is also my understanding of the rules of the House. I am concerned that, during the past 30 minutes, Members have made remarks about the largest public listed company in this State at a turbulent time in the international markets. The House should dissociate itself from any views that the directors of that company â in whom I have the fullest confidence â should...
- Seanad: Order of Business. (10 Jun 2003)
Joe O'Toole: I also wish to ask the Leader to arrange a debate on interest rates. There is no monopoly of wisdom on one side of the House as opposed to the other in respect of this issue. I would like Members to place their views on record and give a clear message. Will the Leader consider arranging such a debate for tomorrow? I will propose an amendment to tomorrow's Order of Business on that issue. The...