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

4:00 pm

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

Mr. MacSharry served with Mr. Brian Goggin and other bank officials at that level. He was part of the culture which he has told this committee he is trying to wipe out. Mr. MacSharry was a non-executive member of the board of Bank of Ireland for 12 years. While the crash happened in 2007, the damage was done at the time Mr. MacSharry was a non-executive member. Does Mr. MacSharry believe he is fit to serve as a public interest director for a bank into which the State has put another €4 billion and in respect of which we pay him fees of €239,000, given his previous involvement at that bank and the damage it and others have caused Irish society and the economy?

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