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

I did not lecture anybody. I asked about the corporate governance guidelines that are in place to enable the Minister to make decisions on behalf of the citizens of this State when questions arise at the AGMs of the banks in which we hold shares. I accept that the final decision is made by the Minister. Who advises him? Is he advised by the NTMA or by the banking unit within the Department of Finance?

That is the issue that brought it into focus, which is fine, but more issues will arise in the future. The question is how the Minister arrives at those decisions.

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