Seanad debates

Thursday, 29 May 2003

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

 

We are saying in this legislation that the directors must put the structures in place. Senator Quinn pointed out the way in which that would be done by ensuring the processes were in place, that the arrangements for implementing them were effective, and so on. The example given during Second Stage was precisely that – that the board would get a report on a quarterly basis, for example, as part of a regular agenda, as to how compliance was dealt with.

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