Ms Philomena Poole:

I suppose the answer is "Yes" in that there is that choice between the two. Dún Laoghaire has made its case in terms of saying that it should be a wholly-owned subsidiary and that the shareholding should transfer. However, there is an issue around clarifying who is to do what in terms of executive or reserved functions. There were members of the local authority on the board in the past and they were removed in 2009 on the basis that it created a conflict of interest when it came to significant things such as the development plan. That would be a concern into the future - how members can on the one hand exercise their responsibilities around the development plan and on the other exercise their responsibilities as directors or, indeed, if it was to be a reserved function. If reserved functions apply, there is going to be a conflict and the legislation will have to address that in some way.