Various independent and regulatory authorities have an interest in the general area raised by the Deputy. They also have the capability to employ inspectors and take action as necessary under various statutory provisions.
I propose to deal with the relevant provisions of the company law code. The decision to petition the High Court to instigate a company law investigation into the affairs of CountyGlen plc following preliminary investigation by my Department of shareholder complaints, was prompted by company law concerns. The results of that inquiry proved it to be fully justified.
In relation to the company law code each case where there are concerns of a possible breach would be carefully considered in the light of its particular features. It would appear that the Deputy's question arises from my reply to his earlier question on 25 April 1995, Question No. 226 at volume 451, No. 8, columns 1884-5. No investigations were formally sought under section 7 or 8 of the Companies Act, 1990, during the years 1990 to 1994 into the affairs of any beef processing companies.
The Government, following resolutions of the Dáil and Seanad, established the Tribunal of Inquiry into the Beef Processing Industry in May 1991 and the report of that extensive factfinding exercise in July 1994 was published by the then Minister for Agriculture, Food and Forestry, Pn 1007. The tribunal dealt exhaustively and comprehensively with the various allegations made by Dáil Deputies and others. It determined on a variety of matters and made a series of recommendations.