Feargal Quinn (Independent)

I will bow to Senator O'Toole's knowledge and experience. However, he is incorrect in regard to one issue. In all other countries these regulations apply to companies quoted on the Stock Exchange in which the public can invest. They provide protection for investors. However, this is the first time these stipulations will have been placed on private companies, whatever their size. I will address this in a later amendment. There is a significant difference between a family business or a private company and a public company in which outsiders invest. Perhaps Senator O'Toole has information that I do not posses but I am not aware of such regulations being applied to private companies anywhere. The Senator, therefore, is incorrect to state the bar is not being raised higher for Irish companies.

Question put and agreed to.

SECTION 2.

Question proposed: "That section 2 stand part of the Bill."