Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
No, no, let me be clear, I am just trying to help so, this was clearly at board level. So this was about relations around the board, so all non-executives and a number of executives. So how would those executives dealing ... between each other in relation to these matters, that's what Cathal is drawing out. So look, maybe to help I would say to you there is a very clear distinction between corporate governance and structures and systems on one hand and on the other hand, conduct of individuals around the board table. You can have very strong corporate governance, you can have good systems, good processes - as E and Y attested here that EBS had in their opinion - and, separately, you can have conduct and conduct can be different. It is personality driven, etc., etc. So the conduct around the board amongst certain individuals was considered to be not appropriate and that's what Cathal is drawing out here.
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