Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I am representing Deputy Troy at this meeting. I welcome Mr. Hernan and Mr. Boland and agree with the latter on a review of the travel pass.

My main focus will be on Bus Éireann. Mr. Hernan stated that the board had a fiduciary duty to act between now and the middle of March, but it also has a legal duty to the welfare of its staff. Let us not forget that. Surely the board had a duty in 2015. Bus Éireann had surpluses of €400,000 in 2013 and €7.2 million in 2014. That was a major jump, but it then made a loss of €5.6 million in 2015. Surely that was the time for the board to read up on its fiduciary duty and it should not have waited until Bus Éireann was, in Mr. Hernan's view, within months of insolvency to start proposing actions on which it claims there is no time for discussion.