Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael Walsh:

No. I mean ... very definitely, there was always a kind of a separation. You had, kind of, executive and non-executive directors and it would have been inappropriate for the non-executive directors to be beneficiaries. Management, I want to say management - the two executive directors, you know - and all of the management within the society would have expected to benefit and that would have been appropriate.

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