Conor Lenihan (Dublin South West, Fianna Fail)

They are listening. They are bringing their internal procedures up to speed. Shareholdings previously managed by external fund management companies are now being brought back under the direct supervision of the National Pensions Reserve Fund. That means it will have greater control and it will be spending considerable amounts of money to ensure it is present at shareholder gatherings such as AGMs where these issues may arise. The fund is trying to act not merely in accordance with the spirit, but in accordance with the letter of the principles the UN. It is taking on considerable cost to ensure that such is the case.

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