Seanad debates
Thursday, 29 May 2003
Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.
I run a company and know the number of things that can go wrong. I am an executive and know that it would be a case of non-compliance if somebody in one of my supermarkets put the wrong kind of plastic bag into a recycling container. Yesterday Senator O'Toole referred to the failure to install a fire door. That is a case of non-compliance in the field of safety. I could list examples pertaining to all the relevant areas of law. There are very strict laws regarding people under 18 years working more than a certain number of hours each day. I would love to be able to say this never happens but the most one can do as an executive is put controls in place to prevent it. It is unreasonable to ask a non-executive director who joins a company in order to advise, steer and ensure it complies with the law to prepare a statement such as that proposed in the legislation.
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