Oireachtas Joint and Select Committees

Tuesday, 12 March 2019

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

A Future Framework for Accountability in the Banking Sector: Discussion

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Mr. Crowley made a point about the balance between executive and non-executive directors. I am not sure anyone else has covered it. Supposedly the purpose of non-executive directors is to challenge. Senior executives who are very much hands-on are there all the time. I am sure many people in business regard board meetings as something they have to get through and put up with. They feel they are doing their best to run the bank every day of the week and the last thing they need to be doing is spending a lot of time preparing for board meetings or Oireachtas committee meetings when they come in here. It is an important part of oversight that somebody takes an outside view. Mr. Crowley suggested that we will not look at it in the same way as the UK. What was his point there?

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