The chairperson will also manage and control the staff, administration, and business of the CEA. The Bill purports to give the CEA more autonomy to appoint its own staff and to recruit additional specialist staff as it may determine. This flexibility around staffing is intended to equip the CEA to adapt to its evolving workload. The Bill exempts members and officers of the CEA from liability for damages for anything done, purported to be done or omitted to be done in the performance of their functions.
The exemption will not apply where the act or omission was done in bad faith, re-enacting section of the CA With the increase in autonomy proposed under the Bill, the accountability of the CEA will be important. The Bill requires the chairperson to give evidence to the Committee of Public Accounts, when requested, regarding the efficiency of the authority in the use of its resources; and the systems, procedures and practices employed by the CEA.
The CEA will also be obliged to prepare an annual report Report for the Minister on its activities each year. The Report must be delivered within four months after the end of a financial year.
The CEA is also required to prepare a Strategy Statement shortly after establishment and every three years after that, setting out key objectives, strategies and use of resources of the CEA.
The Strategy Statement must be submitted to the Minister and laid before the Oireachtas. The Bill is priority legislation for the government. As it continues to progress through the Oireachtas, each provision of the Bill will be subject to scrutiny, possible change, and refinement. We need this to enable us to match you with other users from the same organisation. It is also part of the information that we share to our content providers "Contributors" who contribute Content for free for your use.
Learn More Accept. Your LinkedIn Connections with the authors. To print this article, all you need is to be registered or login on Mondaq. Brendan O'Brien. Gavin Smith. Greg Cooney. Eoin Ryan. Both trusts were created at the instigation of the father of three adult children, and were settled by relatives of the family. Directors are the people who officially manage the daily operations of the company in the United Kingdom.
A recent case in the Court of Appeal of England and Wales reiterates the importance of having trustees entered as the member of a company, rather than the trust itself being entered as the member. In this article, the different types of businesses will be discussed as well as the benefits of having one of the three popular business types in the UK. Taking Stock, our sector-specific newsletter, offers fresh perspectives and updates on the private equity market.
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