Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Went:
Well, there were two aspects of the ... This was ... We had had a review of the board performance and there were two aspects in relation to improvement in the board performance. One was that we ... I would bring forward proposals to progress specific actions identified by the nomination committee to further improve its effectiveness and this largely revolved around the non-executive directors wishing to have greater interaction with individual business units, to get to know the individual managements of the business units, meeting the management of those, getting to understand the business better and more intimately than perhaps they had in the past.
As far as the question you asked ... the specific question you asked, I think that was a feeling by the chairman that we had very high calibre people on the board, with a wide range of experience, and feeling that perhaps we were not making the most use of them, their experience, you know, their contacts that they might have, advice that they might like to give. That, I think, was the... was what's referred to.
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