Seanad debates

Thursday, 4 December 2008

Charities Bill 2007: Committee Stage

 

4:00 pm

Photo of Joe O'TooleJoe O'Toole (Independent)

Section 89 provides for indemnification for either an individual, several individuals or the whole board of directors. It deals with acts and omissions and covers matters relating to negligence, good faith and performance. I will be guided by the Minister of State in this matter because I do not know enough of the background. It seems certain people within a given charity could find themselves in difficulty. Is the Minister of State saying that even if he were to accept our amendment, company law dealing with liability might move matters in another direction? I accept there is a strong likelihood of that occurring. I will consider the matter further and may revert on Report Stage. I will not press my amendment at this stage as I wish to examine the indemnification matter further, including the normal costs involved. I will discuss the matter on Report Stage and, in the meantime, compile information, take further advice and discuss the matter with people in the insurance industry.

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