Seanad debates

Thursday, 29 May 2003

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

 

10:30 am

Photo of Mary WhiteMary White (Fianna Fail)

While I am in favour of compliance statements, I will not specify a figure as to what the threshold should be. My bottom line is that the directors of large companies must stand over such statements. I am conscious that the House sends out signals to the people. This provision would send out a positive message. The only reasons we are here are the provisions of the Constitution and the vote of the people. It is our constitutional duty to protect their interests. It would send out a positive signal if the Government was to legislate to ensure directors of large companies stand over a statement to the effect that everything in their companies was being done above board.

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