Critical Analysis of the Odce

Introduction

The following report sets out to critically assess the role and function of the ODCE with regards to the reasons it was set up, the primary functions of the office, it successes if any to date and any appropriate suggestions for future reform.

We have critically assessed by giving a detailed account under each section and by analysing these we have come up with recommendations that we believe are necessary and within the offices capabilities. We have found throughout the report that the ODCE is efficient and effective in what it does yet like everything else there is room for improvement. Within the conclusion we have given an assessment on each of the listed sections.

Setting up the ODCE

“The Office of the Director of Corporate Enforcement (ODCE) was established in November 2001 to ensure compliance with company law. This part of the paper will examine what events occurred for the creation of the ODCE and what developments by the government led to its creation.” (Entemp, 2001)

McDowell Report