Seanad debates
Wednesday, 16 April 2003
Companies (Auditing and Accounting) Bill 2003: Second Stage.
Several Senators have said that the number of directors who are permitted to be members of prescribed accountancy bodies should be increased beyond the present level of two. As I have already said, this can be achieved by ministerial regulation under section 46 and what the Senators propose could also be achieved by increasing the overall number of directors. However, I am not considering that proposition. I will give consideration to increasing the ceiling set in relation to the number of directors who can be members of prescribed accountancy bodies.
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