Seanad debates
Wednesday, 16 April 2003
Companies (Auditing and Accounting) Bill 2003: Second Stage.
I happen to have a company which fits into this category and which does not have non-executive directors who have not worked in the company in the past five years. I would imagine the same applies to the vast majority of other Irish companies. I am speaking today about foreign direct investment, the companies on whom we rely and have relied on for years. When they consider going to Ireland or some other country, they will see that the Irish regime is far tougher than that applied by the Oxley Act in the United States.
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