Mr. Donal Forde:

I didn't get it in the last few years, as you might imagine when things got more difficult, but I got it pretty consistently through the earlier years, and the incentive for me was of two forms. One was a cash bonus but the bank was progressively moving away from that and it was moving more towards the grant of share grants. And those share grants were dependent on ... and the reason it was moving there was that those share grants were dependent on two aspects of the bank's performance. They were dependent on how the earnings per share performed over a three-year period, and they depended on the performance of the share price relative to other banks. And there was another aspect which was that any grants that were given obligated me as a senior person to hold a very substantial share. So when I hear on occasions that the charge that, you know, that structure incentivised me or others to do the wrong thing or behave in a short-term way, I was a significant shareholder in the bank, so it would be illogical for me to behave in any way that wasn't in the bank's medium long-term interest. So I never felt any motivation to do anything other than the right thing in the medium to long term.