Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
All right, okay. No, look, I'm not ... I'm not ... well, let me answer the question in two ways. One, I'm not explicitly aware of the board being used by commercial lending in what I might call a develop ... in a business development capacity. So I'm not familiar with that. But to answer your earlier question, do I see it as appropriate? Look, I think in, you know, what is the duty of a director? The duty of a director is, you know, a multitude of things but clearly it's for ... to act in the benefit of the society, of the company. So using a non-executive or any other director as a means as an introduction, I think is acceptable.
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