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
Mr. Joe Walsh:
A full statement was made on that matter in March 2010. The Minister sent a very detailed request in the subscription agreement governing the recapitalisation and followed it up by his letter in 2011 stating that it must be adhered to. I can state categorically that Bank of Ireland is in full compliance with the stringent demands of the Minister on remuneration.
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