Oireachtas Joint and Select Committees

Wednesday, 19 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB

4:50 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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It seems to me that there is no way out of this mess if we carry on because you guys have a veto. Mr. MacSharry has said he will continue to act primarily in the interests of the company. On a number of occasions, he has stated that he finds himself bound by company law. There is clearly a conflict between his loyalty or requirement to serve the best interests of the company as against the interests of those mortgage holders we are talking about.