Seanad debates

Wednesday, 28 May 2003

Companies (Auditing and Accounting) Bill 2003: Committee Stage.

 

One wonders what all the fuss is about. Why is there a problem with this? As Senator White identified, the real reason there is a problem is that many directors do not ask questions. They go to a meeting once a month – perhaps less frequently – and may get a report, listen with one ear, do not ask questions and to all intents and purposes sign off on it. If this requirement encourages or obliges them to ask questions – nothing more than that – it will do a good job.

Comments

No comments

Log in or join to post a public comment.