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

Photo of Mary Lou McDonaldMary 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.