Mr. Richie Boucher:

There would be situations where one would have to restructure the debt. Deputy Donnelly asked me a slightly different question. I speak in general terms because I cannot talk about an individual situation with which Bank of Ireland had nothing to do. I have seen instances where management or shareholders have to be incentivised in very tricky situations. This is particularly the case in continuous process companies, where ultimately one needs co-operation to keep a company alive because if the management walked out or the shareholders stopped being involved for some reason, the company would collapse and one would be in the middle of a continuous process. That can happen in construction companies, in companies with continuous processes or where companies have certain types of contracts. That is a general comment, but I have to be careful, as do committee members, of identifying a particular company of which I have no knowledge. If the Deputy is asking about my corporate experience, I have seen situations where management teams or other persons have to be incentivised because that is the way to maximise one's recovery.