Results 2,981-3,000 of 19,173 for speaker:Shane Ross
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Do I have 12 minutes to speak?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: I thank the witnesses for coming to this meeting. I have never in 30 years come across a committee meeting like this where we are getting no answers and seeing the complete obfuscation of what is really happening in the bank. Deputy O'Donnell is right: these guys do not get it. This situation is critical and when they talk about a change in ethos, I do not think they understand that it has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: To whom is Mr. Walsh accountable?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: How often does Mr. Walsh meet the Minister? I asked a parliamentary question on this subject, of which Mr. Walsh is probably aware.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh is accountable to the Minister but he never meets him.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh is appointed by the Minister but he does not want to see him. Mr. Walsh does his own thing. Is he accountable to shareholders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: In fact, Mr. Walsh is accountable to nobody. When does he stand for re-election?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: I refer to the board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh says he does not have to stand for re-election and is not accountable to anybody as a public interest director.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: That is irrelevant. I have not got time for this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: I am talking about election to the board. Public interest directors do not stand for election.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: That is fine.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh was appointed chairman of the remuneration committee, which means that he is in charge of Mr. Boucher's pay. Could he tell us how he works out that he is worth €620,000 a year plus all his perks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Would Mr. Walsh justify his getting that amount of money? Why does he get so much?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: It should be 90%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: I do not accept any of that at all. It is head-in-the-cloud stuff. He is paid €620,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh is not answering the question. He is paid €620,000 a year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: The share price has collapsed during his period in office.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Mr. Walsh has come before the committee and waffled to us in a head-in-the-clouds way and justified paying a salary of €620,000 a year. He is chair of the remuneration committee and he is damn well paid for it and he has gone native, just as the others have gone native. To hear the two public interest directors who are present telling us that the ethos has changed is insulting. I...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Shane Ross: Bank of Ireland appointed a new governor recently. Mr. Considine is on the nomination committee. Is that correct?