Ciarán Cannon (Galway East, Fine Gael) | Oireachtas source

On the criteria applying to appointments, the legislation lists a certain number of skills in the areas of, for example, corporate governance and corporate finance that must be served somehow by the overall make-up of the board. The Minister will be the one to determine how that rolling process works. The reason it is in the legislation is to provide for the stability of the board and, at the same time, to continually replenish it with new people and new ideas. That has not been possible in the past and it needs to be made possible in the future. It is proposed that three members of the board will be replaced each year, commencing three years after the establishment. This is common practice on other State boards, including the boards of NAMA, Enterprise Ireland and, indeed, the current FÁS board. It is just to have a replenishing of ideas-----