Seanad debates

Wednesday, 27 November 2013

Companies (Miscellaneous Provisions) Bill 2013: Report and Final Stages

 

2:25 pm

Photo of Feargal QuinnFeargal Quinn (Independent) | Oireachtas source

I second the amendment. It has been explained very well by Senator Barrett. We live in a democracy in which the Oireachtas is elected. We have neglected the supervisory role that the Oireachtas should play. This amendment is an ideal way to address that issue. I served on a previous finance committee approximately five years ago. If we had this power then we would have ensured that the IAASA appeared before us at least once per year. That is the sort of power we require now if we are to have a democracy that works. On that basis, it is essential that we make this amendment. Senator Barrett put his finger on the problem. I urge the Minister of State to accept the amendment. He explained why he was not enthusiastic about the previous amendment.

I look forward to hearing what the Minister of State has to say on this amendment and I urge him to say that he can accept it.

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