Paul Coghlan (Fine Gael)

I totally agree with Senator Quinn. Many of us mentioned this issue on Second Stage. Although the Minister of State was, and perhaps still is, sympathetic, the compliance statement should only apply to large companies with hundreds or thousands of shareholders. In such instances it may be necessary. Ignorance of the law is no excuse. Everybody must obey it. Senator Quinn has advanced the issue of this unnecessary requirement in the case of family businesses which increases bureaucracy and red tape. I support him on the issue.