Michael McGrath (Cork South Central, Fianna Fail)
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We currently have no public interest directors in any of the banks. Apart from advertising the appointments and putting them through the Public Appointments Service, is the Minister changing or redefining the role or giving it any legal recognition? As directors, they will have fiduciary responsibilities to their board and to their shareholders. What responsibilities will they have the Minister? What will distinguish them as public interest directors from other directors on the boards of the banks?