Mr. Richie Boucher:

In general terms, we do have situations in which we need the co-operation of management or shareholders to keep a company going as a going concern. In particular, this would apply to construction or continuous process-type companies. For companies with dead assets where we do not need the co-operation of the management, we have a different view. In situations where the company must be kept alive to enhance or maintain its value, one might need co-operation. These are different situations which primarily reflect the nature of the company's business. I get criticised for that but our job is maximise recovery and in some situations we would have to do things we would prefer not to do in order to maximise value.

In answer to Deputy Tóibín's question earlier, in certain situations one does recognise that incentivisation or disincentivisation is an appropriate part of commercial negotiation.