Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

5:50 pm

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

From an operational point of view, the role of the treasurer and the manager has become so intertwined that it is hard to have any clear line of responsibility. I agree that there should be a very clear role for the manager and I agree with the principle that there is no longer a need for a treasurer. I see merit, however, in the board having the support of an individual who may have previously served as a treasurer and has a level of skill. There could be a role for such a person, perhaps on a finance committee of the board that would examine the figures being presented to the board by the manager. The finance committee could examine those figures, present them to the board and support the board in its work. At the AGM, the chairperson of that finance committee could present the figures to the membership. I think that would be worth looking at. The Minister might consider that.

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