Ecrf survey feed back session annika bränström monica grahn rolf köenig latha kunjappa and axel forstmann

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Ecrf survey feed back session annika bränström monica grahn rolf köenig latha kunjappa and axel forstmann

  1. 1. The Irish Companies Bill 2012
  2. 2. Agenda • Background • Focus • 7 Innovations
  3. 3. Background “That Ireland should have an efficient world-class company law infrastructure.” “The largest substantive piece of legislation in the history of the State”. 1,429 Sections, 1,136 Pages (+ memo 402 pages) Consolidates Companies Acts 1963-2012 Company Law Review Group 10+ Years in the making Landmark reform of Company Law
  4. 4. Focus • Private Companies 87% • Guarantee Companies 8% • Unlimited Companies 2% • Public Limited Companies 1% 1. Reduce red tape 2. Cut costs for business 3. Make company law obligations easier to understand
  5. 5. 7 Innovations • Full and Unlimited Capacity • Single Constitution • Transition by default • “Authorised Persons” Possible • Single Member Possible • “Summary Approval Procedure” • Corporate Governance / Directors Duties • http://www.failteireland.ie/News-Features/News-Library/Proud-to-be-Irish- Share-this-video.aspx

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