Seanad debates

Wednesday, 16 April 2003

Companies (Auditing and Accounting) Bill 2003: Second Stage.

 

There will be 13 members on the board – 12 members and the executive officer – and it does not seem appropriate that only two of these will come from the relevant profession. I do not agree with what he said when he compared this to a board dealing with medical matters and what would happen if only two of its members were doctors. Financial matters are different to those involving human health. At the same time, however, the allocation of two out of 13 places is quite low and it should be augmented to at least four. I hope the Minister for State will consider making this change because it would only be fair to do so.

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