Seán Fleming (Laois, Fianna Fail) | Oireachtas source

The witnesses might explain to the public the board meeting when this decision was made on 3 April, the day the information came to light. We have some of the minutes here. There is nothing wrong with the first thing that strikes me, but it is a bit unusual. The meeting was held at 4.30 p.m. Mr. Frank Daly, Mr. Ellingham, Mr. McEnery and Mr. Soffe were on the phone and were not in the meeting room. The only person in the boardroom was Mr. Brendan McDonagh. Will the witnesses give us a flavour of how this happened? The board members were all in different parts of the country or the globe and they were all at the other end of the phone. We have heard about board packs getting to them and forms to be signed about declarations of interest. Will the witnesses talk us through so we understand that meeting when they were all at the other end of a phone hearing about PIMCO and the two lads showing up with Cerberus? I know it says that no disclosures were made. I presume that was over the phone. Was the information couriered to the board members?