Michael Noonan (Limerick City, Fine Gael)
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There are two different issues. The new requirements run from the enactment of the legislation. It is not as onerous as presented. Amendment No. 24 would mean that a director could sit for five years before standing for re-election. This is a term limit but this is not the issue. Serving nine years out of 15 is a different issue. A director who has served three years can be re-elected but he or she cannot serve without being re-elected. After that, the limit of nine years out of 15 applies, which is a different issue.