Maurice Quinlivan (Limerick City, Sinn Fein) | Oireachtas source

I am opposing this section. Section 11 seeks to reconstitute the nomination process to the board of PIAB. As it stands, two members of the board are nominated by the Irish Congress of Trade Unions, ICTU, one person is nominated by IBEC, and one person by the Irish Insurance Federation or any successor of it. The proposed change contained in section 11 would remove the power of ICTU to nominate two people to the board and replace it with one nomination from Insurance Ireland and one nomination from the Central Bank. The balance of the two nominations from ICTU and one from IBEC reflects injured parties and premium paying policyholders who should be the principal stakeholders in PIAB. I do not see the need for the composition of the board to change in this way and I think it would affect the balance on the board. Therefore, we are opposing section 11.