Dr. Colin Hunt:

I will return to the investors first before dealing with the last point. In referring to the institutional investors I am talking about the international investors who have chosen to deploy some of their capital in the Irish economy through AIB. They are the concerns I am reflecting, and I am obviously conscious of the fact that the State is a 71% shareholder in the company.

At last year's AGM, the bank brought a set of proposals to the floor and they were defeated. We will have our AGM again in a number of weeks and we will not be bringing proposals because it would be entirely inappropriate for us to do so in advance of the Korn Ferry report being published and the Minister making his position and that of the Government known.