Seanad debates
Wednesday, 16 April 2003
Companies (Auditing and Accounting) Bill 2003: Second Stage.
Nonetheless, even if it does, these are Acts of the Oireachtas, put in place for a reason, which impose obligations on companies, be they in the interests of customers, workers or whomever. It is worrying when we are told that directors of a company should not have any responsibility for ensuring those Acts of the Oireachtas are adhered to because surely they must be. We have always had a problem – I believe the Minister of State has some experience of this – with health and safety, for example, where we are effectively told that the splendid laws and regulations are to all intents and purposes non-enforceable or not enforced.
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