Seanad debates

Wednesday, 16 December 2015

Harbours Bill 2015: Committee Stage

 

10:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Absolutely not. He or she, as chief executive, would not be a shadow director of the company but the shareholder, and would occupy the role I currently occupy. There is no question of company law being breached in any way in this regard. I accept the Senator's point about the need for valuations and balance sheets to be checked. That is exactly why we have a due diligence process in place which has to be completed before either form of integration can happen. That would be covered within that.

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