Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

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

10:35 am

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

I fully accept that. We all want the banks to be able to return to lending. We all accept that the banks play a very important role in the economy. The personal insolvency legislation, of which I assume Mr. Considine is aware, is very targeted to the people in most difficulty. Mr. Considine has not answered the specific question on whether he sees a distinctive role for board member appointed in the public interest in the context of that legislation. Does Mr. Considine believe he needs more legislative support from Government to allow public interest board members to function differently? Clearly, at present, public interest directors function in the same way as every other board member.

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