Seanad debates

Wednesday, 20 May 2009

Companies (Amendment) Bill 2009: Committee Stage

 

Photo of Feargal QuinnFeargal Quinn (Independent)

As I remarked on Second Stage, the concern of everyone is to ensure and enable business to operate and I realise the Tánaiste's heart is behind that concern. I cannot improve on the words of Senator Cannon. There is great doubt about the phrase "as soon as practicable" and it seems rather vague. I realise it is dotted throughout legislation but it is essential we have some control on a future director. The present situation is not in question but we wish to ensure Ireland is an attractive place to open, encourage and operate business. There is a danger if we put in place constraints which at some point in future could stifle the ability of a given company to operate. This may occur for very valid reasons but also perhaps for reasons not so valid and on that basis there should be some time constraint. The time constraints included in Senator Cannon's amendment are worthy of consideration.

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