Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I move amendment No. 29:

In page 16, lines 10 to 13, to delete all words from and including “amended,” in line 10 down to

and including line 13 and substitute the following:

“amended—

(a) in subsection (1)—

(i) by the substitution of the following paragraph for paragraph (b):

“(b) which is—

(i) in the case of a credit union other than a corporate credit union, chaired by a member of the board oversight committee, and

(ii) in the case of a corporate credit union, chaired by a member of the board of directors,”,

and

(ii) by the substitution of “the board of directors shall, subject to subsection (4A), elect” for “the board of

directors shall elect”,

(b) in subsection (3), by the substitution of “the board of directors may, subject to subsection (4A), by secret ballot elect” for “the board of directors may by secret ballot elect”, and

(c) by the insertion of the following subsection after subsection (4):

“(4A) A manager appointed as a director pursuant to section 63A(6) shall not be eligible for election

under subsection (1) or (3) or authorisation under subsection (4).”.”.