Mrs Justice Susan Denham: Personal codes of honour have vital role in our future
THE courts do not operate in a vacuum; their work is a reflection of a society, a state or an economy. Each year, changes in society impact on the courts in many ways – on how they are managed. In 2012, there were several matters worth noting for policymakers and administrators. At the same time, the courts became leaner, more cost-effective and efficient.
Although company-related debt matters, which lead to winding-up petitions before the courts, and Commercial Court cases are both down by 13pc, it is noticeable that there is a 50pc increase in orders to restrict company directors and a three-and-a-half-fold increase (350pc) in the number of company directors disqualified.
Ethics in the boardroom and in the governance of enterprises, rather than a constant eye on the needs of the shareholders, are the way forward to building trust in our economic sector: to build trust in Ireland as a place to do business.