Mr. Dargan Fitzgerald:

Well, I don't feel that the ... that the structure of the society impeded good governance. I never reached any such conclusion as a result of our work. I must say I was impressed in the society by the rigour of the operation of the various sub-committees of the board. I personally spoke, of course, with many senior members of the management of the society but I also reviewed the minutes of the meetings of those board sub-committees, and I'm referring, for example, not only to audit committees but to asset and liability management committees, risk committees and investment committees. And I felt, given that the society was in ... in relative terms not a giant organisation - it was one of the smallest of the Irish-covered institutions in the end of course - I actually felt its ... it had a very elaborate system of governance and control generally and I was very impressed by it.