Seanad debates

Wednesday, 20 May 2009

Companies (Amendment) Bill 2009: Committee Stage

 

Photo of David NorrisDavid Norris (Independent)

I thank the Minister for her response because I somewhat jumped the situation. I will have to go back to the Oireachtas Joint Committee on Foreign Affairs but I would like to signal to the Government that many people would be concerned. I was director, chairman and chief executive of two small companies and I was very conscious that if one behaved in a certain way, one would be in danger of prosecution for reckless trading, although not in any sinister way. I signal to the Government that people are watching to see if directors can get away without being prosecuted for reckless trading. This is fairly clear and I do not think it requires very long drawn out investigation to do people for reckless trading as that kind of thing becomes clear fairly quickly. I thank the Minister for her answer and I will read the record of the House carefully to see if anything further emerges. I indicated I would be speaking at the Joint Committee on Foreign Affairs and I ask to be excused.

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