Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

I think the minutes may not serve that well. Typically, what would have happened is in ... if something was lengthy or complicated, it was often better to take it ... for a board member to come in and have a separate long conversation about a matter and we encouraged that, so if a board member had something they wanted to learn more about or understand more about it, it was not unusual and that would have been the chair, so William Burgess, who was the chair at the time, would have decided that. It would be better if the board member had a conversation with the team member of management, excuse me, outside the room and then bring back to the board any subsequent concerns.

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