Brian Lenihan Jnr (Dublin West, Fianna Fail)

When this matter was progressed through these Houses, there was considerable reservation expressed about the fact that the panel envisaged left to the financial institution an element of choice or discretion in the selection of the appointees. In the event, I constituted a panel of 12 persons. I requested their assignment to particular institutions and the institutions accepted the assignment made by the Minister. I can assure the Deputy that all the persons involved have my full confidence as persons who have a strong knowledge of what the public interest in this country requires and who are equally capable of performing their fiduciary duties as directors of the relevant institutions.

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