Oireachtas Joint and Select Committees

Wednesday, 19 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB

3:50 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Under the 2008 Act the Minister has the right to appoint persons to observe all meetings. How many from the Department of Finance or the Central Bank have attended meetings of the board, the remuneration committee and audit committee? Our role here is to monitor the charge on the public purse. Originally €4 billion was put into the bank, €1.3 billion of which was returned through the sale, but €2.7 billion remains. Will Mr. MacSharry tell me about the people appointed to observe all meetings?

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