Results 49,061-49,080 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Specifically, the question is whether Mr. Walsh and Mr. Considine support Mr. Boucher's position as he stated it this week.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I thank Mr. Considine but can he answer the question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: The question I just asked. Would he like me to repeat the question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Where it is perceived that there is a conflict between the public interest and the interest of the bank covered under its obligations under company law, does Mr. Considine agree that his legal position is that he should act in the public interest, even though it might be contrary to the interests of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: In response to Deputy Spring earlier, did I hear Mr. Walsh correctly when he said that previous directors of the Bank of Ireland are not in any way responsible for the collapse of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Thank you. Within the context of public interest versus the interest of the bank, I want to come on to the personal insolvency legislation. As I am sure both witnesses are aware, it is the clear intent of the Minister for Justice and Equality, Deputy Shatter, and the Government that there would be debt forgiveness as part of the personal insolvency legislation. Mr. Boucher is reported in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I am very short of time. I do not need Mr. Considine to describe the process. The question I am asking is very specific. The personal insolvency legislation foresees the Bank of Ireland engaging in debt forgiveness. On Monday, Mr. Boucher categorically ruled out the Bank of Ireland doing that. As a public interest director, does Mr. Considine agree with Mr. Boucher's position or oppose...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: With respect, I have very little time. Can Mr. Considine please answer the question I have asked of him?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Let me ask the question once more then, for clarity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: All Stages of the personal insolvency legislation were voted through this House last night. The Minister, Deputy Shatter, is on the record as saying that he foresees debt forgiveness as part of that legislation. The chief executive of the Bank of Ireland has publicly and categorically ruled out any such debt forgiveness. As public interest directors, do Mr. Considine and Mr. Walsh support...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I appreciate that, but that is not answering the question I am asking Mr. Considine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I am sorry but I am not going to let Mr. Considine stonewall me on this. Mr. Considine and Mr. Walsh are public interest directors. It is relevant and reasonable for me to ask them whether they agree with Mr. Richie Boucher's position on this most critical of issues.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: It is the law.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I am not asking Mr. Considine whether he will abide by the law. Can you direct him, Chairman, please?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: I thank Mr. Walsh and Mr. Considine for accepting the invitation to come before the committee. Do they believe they are exclusively bound by company law in their role as directors of Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Do the witnesses accept they can breach company law if it is in the public interest according to the Act to which Mr. Walsh referred?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: Where there is a conflict between the interests of the bank and the interests of the public, do the witnesses agree the interests of the public supersede their legal obligations towards the interests of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Stephen Donnelly: No, it does not. Regardless of how one defines it, my question is, when a public interest director perceives there is a conflict between the public interest and the interests of the bank, do the witnesses agree their duty to act in the public interest supersedes their duty to act in the interests of the bank?

Private Members' Business - Care Services: Motion (Resumed) [Private Members] (19 Dec 2012)

Stephen Donnelly: I wish to address the 20% cut to the respite care grant which is being introduced by the Cabinet in the budget for 2013. I will not dwell on the meanness of this cut. I will not dwell on how unnecessary it is in the context of troika targets. I will not dwell on the hardship the cut will cause throughout the country. All of this has been covered with passion and eloquence by many other...

Personal Insolvency Bill 2012: From the Seanad (Resumed) (19 Dec 2012)

Stephen Donnelly: As before I appreciate the Minister's reply and his intent. I encourage him to take a look at the video of the interactions between Ray MacSharry and Deputy Pearse Doherty and myself. He will have to draw his own conclusions, and I appreciate he has not seen what Mr. MacSharry said, but I can quote him. He stated there will be no debt forgiveness and that they will not write off any debt....