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

4:20 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

I have a copy of the 2010 Act. It is the appointment of public interest directors specifically that is being talked about in section 48, to align the activities of the relevant institutions and the duties and responsibilities of their officers with the public interest. As the delegates are aware, section 48 goes on to state the duty imposed by subsection (1) to which I have referred, the public interest duty, "takes priority over any other duty of the directors".

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