Mr. John Doyle:

In terms of the board, the briefing paper gives details of all the board members and their individual expenses. I will outline the backgrounds of the members. The chairperson, Mr. McVeigh, is a former president of the World Council of Credit Unions. We have people from the various representative bodies, namely, the Irish League of Credit Unions, ILCU, from the Credit Union Development Association, CUDA, and the Credit Union Managers Association, CUMA. We also have Mr. Joe O’Toole and we have a number of independent private sector individuals with expertise in insolvency and accountancy.

In terms of the legal fees we incurred in 2013, there is a significant legal cost in the set-up of any organisation. ReBo was set up on 1 January 2013. Approximately €60,000 of legal advice was received in the areas of board governance, staffing and advice was also procured on EU state aid. There was also some legal cost involved in the Newbridge case, as previously discussed.