Dáil debates

Tuesday, 17 November 2009

4:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

Why has this matter not been dealt with decisively by the Government in view of the State's control? Neither we nor the bank know what is occurring and the Government will not say. Surely there is someone among the Irish diaspora who is objective, external, would do the job for €500,000 and would clean up the bank within 18 months. The person proposed to be appointed was centrally involved in lending practices in an institution that was partly responsible for the current debacle.

What is this doing to the attempt to restore credibility to banking institutions and our financial credibility of which the Taoiseach and Ministers spoke in recent weeks? Does the Taoiseach support AIB's proposal on the appointment of a managing director on a salary grossly in excess of the guidelines set by the Government? He is an insider and his role as managing director is not in keeping with the best standards of good corporate governance.

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