Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
10:45 am
Pearse Doherty (Donegal South West, Sinn Fein)
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This is the last time I am going to put this question because I have questions to ask in relation to other issues. I will try to be as precise as possible. During the two year period when Mr. Walsh was on the remuneration committee, the bank paid out €66 million in bonuses to employees, which was in breach of an agreement of the State. The bank was fined €2 million for breaching that agreement. Was Mr. Walsh aware during 2009 to the end of December 2010 that the bank was paying bonuses or quasi-bonuses to employees? If so, did he at any time during that period raise any objections?