Mr. Conor Woods:

The code of practice for State bodies outlines the best practice for corporate governance for State bodies. That isin situ at the moment. The subcommittees have yet to be formed because the board has only met once. We have two meetings scheduled inside the next five weeks. The composition and membership of those subcommittees will be decided upon at those two meetings. The composition will centre around the strength of the individuals' expertise at board level. For example, the composition of the finance subcommittee may consist of members of the board who have expertise and skills in that area. In respect of the governance subcommittee, there are a number of board members who have expertise in areas of governance. The composition of the board subcommittees will consist of members of the board with skillsets in those specific areas.
In terms of which subcommittees we will form, these have yet to be ratified and approved by the board but it is likely that there will be subcommittees around areas like finance and governance and perhaps the integration of the Commissioners of Charitable Donations & Bequests in Ireland into the authority as some work will be required to ensure this smooth transition into the authority. We envisage that our subcommittees will, hopefully, be formed by the end of July and they will consist of people from the board who have strengths in those specific areas.