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
5:00 pm
Mary Lou McDonald (Dublin Central, Sinn Fein)
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It is problematic that directors do not have a more pinned down directive sense of what is the public interest. Mr. MacSharry has articulated his obligations under company law. It is only fair to say that given what happened in the financial institutions and the consequences for the public, the public has a view to have its interests protected against those of the banks. Mr. MacSharry should be aware that his sense of partnership with the company is not shared by the general public.