Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
I am delighted this measure has been included. It is about time somebody accepted responsibility and a few directors resigned. Do the directors of the AIB have any shame? Despite the loss of $670 million in America, nobody shouted, "Stop". Not one director fell on his or her sword or even apologised to hard pressed customers. Let directors read this Bill and realise that once it is passed, they will have to ensure the companies from which they get their soft money must comply with all the rules and regulations, and the law.
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