Seanad debates
Tuesday, 30 September 2014
Companies Bill 2012: Report and Final Stages
5:15 pm
Damien English (Meath West, Fine Gael) | Oireachtas source
The purpose of this amendment is to make provision for the restriction and exemptions for directors of public limited companies. It makes it clear that a director of a public limited company may not vote with regard to contracts or arrangements in which the director has an interest. This rule can be altered by the public limited company's constitution. In addition, the proposed amendment also makes statutory provision for certain exceptions where a director may vote in matters of interest.
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