I want to refer to the role of directors in companies. Senator Leyden referred to the turnover threshold of €317,000. We have a high rate of failure in business and the number one requirement of a start-up company is to have a board, a chairman and strict financial management. A small company cannot have an audit committee, but the rules should apply to large and small companies. From my business experience, our customers have to trust our company. If there is a failure of trust, people will not do business with the company. From day one, very strict accountancy procedures have to be introduced to enable the company to survive. Part of the reason for the rate in failures is that companies are not keeping tight accounts of expenditure and costs. People cannot blame too many regulations for failure.