Michael McGrath (Cork South Central, Fianna Fail)
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My question is a related one, and the Minister may not have the answer to hand, but it concerns the governance issue. I think the indication is that the sitting Minister for Finance will be a governor and will attend one meeting a year. There will be 12 members of the board of directors - nine from the region and three non-regional members - and they will be drawn from or come from constituencies. We will be in the euro area constituency. Based on whatever system of rotation is in place, how often will Ireland get an opportunity to have a director, and what would the duration of the directorship be?