Micheál Martin (Cork South Central, Fianna Fail)
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321. To ask the Minister for Jobs, Enterprise and Innovation the actions taken from the recommendations made in the Moriarty tribunal report, which he received in March 2011; and if he will make a statement on the matter. [23083/15]

Micheál Martin (Cork South Central, Fianna Fail)
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322. To ask the Minister for Jobs, Enterprise and Innovation the number of meetings he has held in his Department in relation to the recommendations in the Moriarty tribunal report; and if he will make a statement on the matter. [23084/15]

Brendan Howlin (Wexford, Labour)
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I propose to take Questions Nos. 321 and 322 together.

The Moriarty Tribunal made two recommendations for changes to company law, as follows:

- That a provision similar to section 172 of the UK Companies Act, 2006 be adopted, together with the adoption of additional implementation or enforcement measures.

- That consideration be given by the Oireachtas, and/or by the Company Law Review Group, to enacting provisions similar to those contained in Part 14 of the UK Companies Act, 2006, governing the control of political donations and expenditure.

The Government considered that provisions contained in Part 5 of the Companies Act, 2014 meet the objectives of the first recommendation. Part 5 introduces, for the first time in codified form, the various common law and statutory duties of company officers. The Companies Act, 2014 was signed into law by President Higgins on 23 December 2014 and it commenced on 1 June 2015.

As the first recommendation was considered to be met by provisions already included in the then Companies Bill separate meetings on this recommendation were not held.

With regard to the second recommendation above, provisions restricting corporate donations are contained in the Electoral Amendment (Political Funding) Act 2012, which comes within the remit of the Minister for the Environment, Community and Local Government.