Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The presentation and the submission are very helpful. The issues raised are detailed and I cannot see why the issues cannot be addressed in legislation. Like the previous speaker, I am surprised at the divergence of opinion on the board of directors and the changes to the term limits but I understand there are different views in the credit union movement.

Mr. Hosford talked about how new entities - the audit committee and the oversight committee - will fit together. He seeks clarity on this point. Does Mr. Hosford have a view on how the committee should gel? Should the legislation go into detail on how the committees should fit together?

Mr. Hosford mentioned being supportive of the commission's report and, broadly, the legislation. While the legislation deals adequately with some areas, some credit unions have spoken to me about their issues in respect of governance. There is also concern that certain elements are missing.