ODCE meaning in Governmental ?

Answer:

What is Office of the Director of Corporate Enforcement mean?

The Office of the Director of Corporate Enforcement (ODCE; Irish: Oifig an Stiúrthóra um Fhorfheidhmniú Corparáideach) in Ireland was set up by the Irish Government on 28 November 2001 as a consequence of the proceedings and the conclusions of various review groups, courts, tribunals of inquiry and parliamentary committees in recent years. These have revealed evidence that provisions in Irish company law and other legislation have been regularly breached and that some entities and individuals have not been called to account. The result is that various parties, e.g., the State, other businesses and consumers, have borne the cost of this misbehaviour and the associated business risks. Following a fundamental review, the Irish Government determined inter-alia that there were insufficient resources and legal instruments available to the State to supervise and enforce adherence to the requirements of company law and that it was necessary to correct these deficiencies in the public interest.

The current director is Ian Drennan. His 30-person team comprises accountants, lawyers and detectives from the National Economic Crime Bureau (GNECB). He is legally responsible for:

encouraging compliance with company lawinvestigating and enforcing suspected breaches of the legislationbringing to account those who disregard the law

The director and his team operate on an independent basis with the aim of reducing personal and business risk and improving the overall standard of public compliance. The powers of the office are set out in the Company Law Enforcement Act 2001 and has an annual operating budget of approximately €3 million. Many of the initiatives of the office are taken in the general public interest.

reference

Full Form	Category
Office of The Director of Corporate Enforcement (eire)	Accounts and Finance
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Office of the Director of Corporate Enforcement	Governmental
Of the Director of Corporate Enforcement (Ireland)	Regional