Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

12:30 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Cuirim fáilte roimh uilig. While this issue has been raised by other colleagues, I wish to ask Mr. McDonagh about staff leaving and going to work with other property entities and people who have had interactions with NAMA.

He has explained that the notice period is three months. Does he not believe it would be a good idea to have a cooling-off period? I entirely accept the point that one cannot stop people from earning a living. That is the reality of it. People will naturally change, move and advance in their careers; I accept that. However, it would not be unusual in an institution such as NAMA, given its work on behalf of the State and the taxpayer, that there would be additional sensitivity and a provision for a cooling-off period. What is Mr. McDonagh's view on that? Would he favour that? Has he suggested it?

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