Brian Lenihan Jnr (Dublin West, Fianna Fail)

Once these directors are appointed, they have a fiduciary obligation to the banking institution. I was somewhat in the position of a Taoiseach when he appoints his Ministers in that the most important time is the period prior to the appointment. This is the reason I took some time for reflection as to who should be appointed to these institutions because I believed it was important that whoever was appointed had a concept of the public interest and experience of what the public interest requires, prior to his or her appointment.

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