David Cullinane (Waterford, Sinn Fein)
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I welcome Mr. Daly and Mr. McDonagh again. I find the opening statement to be reasonable. I have no difficulty with the process of minute taking. It is reasonable that notes are taken and then transcribed into a draft set of minutes that is sent to Mr. Daly and board members. I also do not have a difficulty with the notes being discarded at some point as I think it is reasonable. I have no difficulty with the process.

I have one question that has already been raised. I am not sure whether it was Mr. Daly or Mr. McDonagh who mentioned in some of the previous hearings, although I think it was Mr. McDonagh, that maybe improvements could be made in how NAMA records minutes, or maybe that is something NAMA could learn from. I refer to when Mr. Daly talked about what the minutes actually record and number 5 is an area which did not jump out in some of the minutes. It is an area where improvements could be made. We have had lengthy discussions about the interpretations of some minutes.

I refer to better recording of what is said here and concise coverage of the substance of the discussions on that agenda. I do not think that is exactly what is in the minutes I have seen. If there was an improvement to be made, I would focus on that. It is up to NAMA, given that it offered that up. Perhaps there could be improvements in minute taking. Where does NAMA see those improvements? Aside from that, I do not have a difficulty with the process itself.