Mr. Denis Maher:

Again, it is contained in the letter to this committee. There are functions reserved for the board. These are very important in terms of strategy, finance and signing off on procurement of a certain level. We exercise corporate governance over IFI not in the day-to-day operational sense but in the sense of dealing with the bigger issues. If there were a board decision that required further action – for instance, the sanction of the Department of Public Expenditure, National Development Plan Delivery and Reform to carry out the action – I would be charged with securing that. Also, our governance relates to the code of practice for the governance of State bodies and compliance with the Act of 2010. Those are important points. There are a number of functions listed in the Secretary General's letter that just could not be progressed-----