There is always a balance to be struck between proper and effective regulation and unnecessary burdens on business. Striking that balance is not easy and often it is only with the benefit of experience that changes can be made. I have been told via representations that the compliance statement required by section 43 of this Bill is unique to Ireland. Perhaps the Minister of State can clarify this. We need to be careful that we are not imposing conditions which will make Ireland a less attractive proposition for inward investment or for people to take up directorships of companies. Good non-executive directors are a tremendous benefit to any board. If we make it difficult or unattractive for companies, particularly growing companies which need that additional external expertise, to attract people to provide advice, we will ultimately inhibit the growth of the company, the economy and jobs. While I agree with the concept of the compliance statement, I would like to hear the Minister of State's assurance that it is not an unduly arduous task for directors to perform. I would also like to hear to what extent it is in place in other jurisdictions.