Oireachtas Joint and Select Committees

Wednesday, 14 December 2016

Public Accounts Committee

Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency

10:00 am

Mr. Frank Daly:

No, I think there were no discussions of substance. There are always discussions at board meetings. I think we went through this the last time we were here. Certainly, one will have a lot of discussions during a board meeting or any meeting. The essence of the record of the minutes is to record the substance of those discussions. It is my view that there is nothing of consequence that was discussed during the board meeting that was not reflected in the minutes. To go back to the Deputy's point, I presume she said "stop the tape" as an example because, for the record, NAMA board meetings are not recorded.