Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richard Burrows:
Well the responsibility of a director is very clearly laid out in law. In addition to that, I would say that a director has collective and individual responsibility with the other directors for the oversight of the business and for making sure that everything is done always in the best interest of the stakeholders of the business. Directors have a responsibility to set strategy, to appoint management, to do a list of prescribed things which have to be done by directors, subject always to the control of shareholders to whom directors report annually.
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