Mr. Kieron Brennan:

We agree that renewal is important at credit union board level. This is why we suggest that credit unions be asked to make provision specifically for this in their own by-laws. In terms of the prohibitions set out on page 65 of the Bill, I find those in subhead 10 to be objectionable for all credit unions but they will have a disproportionate impact on smaller credit unions. The list of people set out under paragraph (i) will simply mean that smaller credit unions will have a more difficult time finding appropriate volunteers. I am not saying that larger credit unions will not face the same problem. In terms of what we mean by "smaller credit unions" the tiering arrangements outlined in the commission report and the Bill refer to a lower category of €10 million or less, although we argue that smaller credit unions could have €25 million or less. In regard to the other members of the commission, several of them will be attending this committee tomorrow.