Mary White (Fianna Fail)

There is a problem with the same law applying to companies of different sizes. It would be very difficult for a company like mine, employing perhaps 50 people, or a high-risk new technology company, to attract directors. We do not have the staff to deal with all these regulations. To deal with paperwork and regulations is a nightmare. When my business was initially established, and FÁS wanted my staff to go on courses to learn all the different management functions, we did not have the time.

A company will not survive or be a good company if it does not comply with all the regulations. I am not excusing companies which do not comply, but it is wrong to put in place excessive regulations regarding directors, who are desperately needed. My company has a new director, a young man aged about 40. We are privileged to have him. To sustain and to grow a company, one needs experienced people, who come at a high price.

I am speaking up for small and medium-sized companies, a point I clarify each time I speak. Senator Leyden is correct. There is a golden circle. I have always said that in our country only the poor are in prison.