Seanad debates

Thursday, 29 May 2003

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

 

10:30 am

Photo of Terry LeydenTerry Leyden (Fianna Fail)

To clarify the position, there are excellent non-executive directors of companies who deserve our recognition and credit but there are others who just receive the rewards and do not take the responsibility. I ask the Minister of State not to change the amendment because it is appropriate and timely. If directors are not doing their jobs properly, they should be held liable.

Senator White made a good point about small companies and deserves credit for what she has achieved. The good advice she gave to the Minster of State should be adhered to as far as small companies are concerned.

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