Dáil debates

Thursday, 13 December 2012

Credit Union Bill 2012: From the Seanad

 

3:40 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 55 allows the board to nominate a director to present the accounts to members at the AGM. This role was previously performed by the treasurer; however, as the position of treasurer is being removed, the amendment will merge the reporting roles, but it will do so in a different way. It also provides that it is the role of the board to consider any update on financial statements provided for it by the manager and mirrors the provisions in section 63A(4)(c). The other amendments are minor technical amendments required to correct cross-references consequential on the amendments proposed.

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