Oireachtas Joint and Select Committees

Thursday, 13 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of Operations and Functioning of NAMA: Discussion

9:30 am

Mr. Frank Daly:

The original board was appointed at the end of 2009 by the then Minister for Finance. As I understand it, the membership of the board was broadly agreed across all the political parties in the context of the setting up of NAMA. There are two ex officiomembers of the board, which would be the CEO of NAMA and the CEO of the NTMA. There are seven other members. Mr. Brian McEnery, Mr. William Soffe and I are on the board since the beginning. There were subsequent appointments of Mr. Oliver Ellingham and Ms Mari Hurley. The names of the subsequent appointees would have been discussed by the Minister for Finance with me, but the Minister for Finance makes the appointments. We are two members down on the board at present.