Oireachtas Joint and Select Committees

Wednesday, 19 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion with Irish League of Credit Unions

2:50 pm

Mr. Kieron Brennan:

I have no objection to the clause concerning an employee of a representative body of which the credit union is a member and where that employee's role could expose him or her to a potential conflict of interest. Neither do I have a problem with the restriction on an employee or board member of any public body or State agency involved in the regulation of credit unions. It is also good practice that the auditor would not be involved and that one's professional advisers should put some distance between themselves and serving on the board of a credit union.