Oireachtas Joint and Select Committees
Thursday, 20 September 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Credit Union Bill 2012: Discussion (Resumed)
2:15 pm
Alex White (Dublin South, Labour) | Oireachtas source
To remind committee members, the Central Bank approach to this is that institutions shall review board membership at least once every three years, institutions shall formally review the membership of the board of any person who is a member for nine years or more and it shall document its rationale for any continuance and so advise the Central Bank in writing, the frequency with which board membership is renewed shall be documented, and the renewal frequency shall consider the balance of experience and independence sought. Is that the kind of regime Mr. Johnson would rather see implemented?
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