Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Okay. On page 3 of Vol. 1 there is a note from Cathal Magee, who was a non-executive director of EBS. This is 30 March 2006 - it's quite a long document, but in paragraph 2 he says:

It is my first experience of being corporately "bullied" as a Director because of positions I have articulated. However, it has reinforced in me an understanding of and a commitment to the need to implement the Corporate Governance Standards set out in the Combined Code in the [EBS] Building Society.

And then he goes on to talk about the society "slowly and painfully emerging from a legacy Building Society governance culture". What was Mr. Magee talking about there being "corporately bullied" to use his term?

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