Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Gary McGann:
I think the concept of third party evaluation of a board was somewhat ahead of its time. It's only latterly that many plcs are doing this. So, in that context at least, there was some degree of initiative by the board. As to whether the board was out of touch or not, I mean, this is a ... this is an evaluation done by an experienced third party with a lot of board evaluation experience. It was done quite objectively, as far as I'm concerned, in the sense that I had ... I can only testify as to my engagement with Ms Hague. And the board's evaluation ... if you go further into it, you'll see that there was quite a variety of different answers across a number of different areas, so it wasn't as if it was just tick the box and move on.
No comments