Almost all directors unaware of law changes

A RECENT survey found that as much as 95% of company directors were unaware of some of the basic changes to company law in the past couple of years and their new responsibilities when running their business.

While the survey was conducted only among firms in the Midlands, it is probably an accurate reflection of the country as a whole with many firms ignorant of the major changes in Irish company law and enforcement since 2001 under the Company Law Enforcement Act.

The first, and obvious change has been the establishment of the Office of the Director of Corporate Enforcement (ODCE), headed by Paul Appleby, with wide-ranging powers to administer company law.