Feargal Quinn (Independent)

I know but they must explain in their accounts the reason they are not doing so. That is the same as a qualification. A private company which goes to a bank and wants to borrow money will be asked for its annual accounts, which will include a qualification. Companies will have to do it and adequately resource it. That is the same as making it mandatory. Why are we setting standards in Ireland which are higher than anywhere else in the world without a regulatory impact assessment? This will affect 100 Irish companies competing with non-Irish companies. I do not understand it. I do not remember such legislation passing through the House on previous occasions.