Oireachtas Joint and Select Committees

Thursday, 28 June 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EBS Tied Agents: Discussion

9:30 am

Mr. Shane Kavanagh:

I will elaborate briefly on the background as my initial response to the Deputy's very good question. The culture we came from has to be understood. Over the years, there was a very strong relationship between the agents and the management of the EBS. When we raised issues about the new agreement, we were told we should not worry because there was nothing of concern in it. The reaction we were getting from management was that because we had been with the EBS for years, everything would be fine. Nobody predicted that the rug would be pulled from underneath us. I would say that the spirit of the agreement was withheld from us. We were hoodwinked into believing everything would be okay. We did not think the EBS would do anything to us because we had been working with it for years. That is an important point about the way the contracts were dealt with at the time. Was there a second question?

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