Seanad debates

Thursday, 29 May 2003

Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.

 

One will not get good directors if this legislation is passed. Some will opt for positions because of the prestige but these are not the sort of board members one desires. One desires a board member whose heart is in the right place, who is responsible and willing to say he or she will look after the interests of the company and make it a success and who will ensure there are internal controls in place to ensure the company will not overstep the mark and do something wrong. When a director reads the small print, he or she will see that he or she is responsible for securing the company's compliance.

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