Seanad debates

Wednesday, 20 May 2009

Companies (Amendment) Bill 2009: Committee Stage

 

Photo of Ciarán CannonCiarán Cannon (Progressive Democrats)

However, if I were a director of a company with some 20 or 30 other co-directors, to hold me personally responsible for every action of every other director would place an unnecessary, unfair and unjust burden on me as a director. If that provision was in place and this section of the legislation was enacted, I would seriously question whether anybody would take the risk of being guilty by association. The Minister has been co-operative and helpful and has agreed to re-examine certain sections of the legislation. I hope she takes the same approach in this case and comes up with a form of words that will allay our concerns on this matter.

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