Enterprise Committee to meet for pre-legislative scrutiny of the Co-Operative Societies Bill 2022

The meeting will take place in Committee Room 1 of Leinster House between 09:30-12:30.

Officials from the Department of Enterprise, Trade and Employment will appear before the Committee.

Speaking ahead of the meeting, Committee Cathaoirleach Deputy Maurice Quinlivan said: “We welcome the opportunity to begin pre legislative scrutiny in this area as reform is long overdue.   “Co-operatives have operated in Ireland for many years and serve the interest of their members rather than shareholders but the laws governing co-ops have not kept with the times." 

“The General Scheme of the Co-operative Societies Bill 2022 provides for a specific legislative framework for co-operative societies for the first time, with societies registering under the legislation being required to adhere to the co-operative ethos." 

“It will consolidate and modernises existing provisions and introduces modern corporate governance, financial reporting and compliance requirements, thereby making co-operatives more attractive to investors.”  

Watch the meeting live on Oireachtas TV or on the Oireachtas smartphone app for Apple and Android.