Oireachtas Joint and Select Committees
Thursday, 4 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Recovery and Resolution Framework for Financial lnstitutions: Discussion
4:20 pm
Sean Barrett (Independent) | Oireachtas source
I wish to raise two points. We have been very concerned about bankers' bonuses. Let me reiterate that all of the constituencies represented here would say more power to the elbows of people who are trying to control them, as they are seen as a scandal.
Speaking on behalf of the majority of the committee, we are disappointed with the public interest directors. What is the role of public interest directors and what do they do? Do the proposals envisage that the experiment should continue? Mr. Carrigan has not attended all of the meetings, but I think there would be a certain level of disillusionment that what seemed like a good idea at the time seems not to have worked. Did the public interest directors ever contact the Department? Did they take briefings on public policy or did they just join in with the rest of the directors?
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