Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I wish to make an intervention for a moment. These Houses examined the role of public interest directors some years ago at the finance committee. There is no such thing in Irish law, whatever about US law, as a public interest director. The State can appoint someone to a bank in the title of a public interest director, but under the law and the Companies Act that person, as a director, owes his fiduciary duties to the institution not the State.