Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome the amendments which represent progress and improve the Bill. I welcome, in particular, the amendment dealing with directors who find themselves in arrears. An amendment was necessary in this case. The restrictions are unnecessarily onerous, particularly when it comes to volunteers. It is often the case that the members of a board of directors are mature in years with time on their hands. It could be argued that working voluntarily for the credit union every week enhances their role as board members and gives such individuals a greater understanding of the operation of the credit union. This restriction is unnecessary, but it remains to be seen how it will work in practice.

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