Oireachtas Joint and Select Committees
Thursday, 5 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Ulster Bank
9:30 am
Mr. Andrew Blair:
I could not answer that question. I do not believe that shadow directors are appointed per se. I do not believe when it comes to the concept of a shadow director that anyone says they are putting in a shadow director. Anybody assuming a role which had "shadow" in the front of it would mean he or she would be assuming potentially fiduciary responsibilities in respect of the company. If the question was potentially where we had independent banking reviews carried out by professional firms, I may be able to clarify that for the Deputy in terms of the numbers, although I do not have them with me. I do not know how to answer the question on the concept of a shadow director in that sense.
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