Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

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

12:40 pm

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

I am sure Mr. McDonagh can appreciate that although there is a sectoral norm, the average person looking in at the NTMA and NAMA regards their staff as well paid by any standards. The staff work on behalf of the taxpayer; that is their mandate. Therefore, they will understand that there is considerable sensitivity, not just in NAMA as an entity but also among the general public in that the agency is working in the public interest, over the notion of people hopping from NAMA to another commercial organisation and bringing their knowledge with them. One cannot erase it from somebody's mind. Have Mr. McDonagh and Mr. Daly, who must work within NTMA norms, had a discussion at any stage with the Minister or anyone else? Have they suggested a cooling-off period of, say, 12 months, which would not be excessive or overly arduous? Have they had this conversation?

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