Results 3,081-3,100 of 26,021 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: This is the kernel of the problem. The public is looking in. Many mortgage holders who are in difficulty with Permanent TSB are asking how the State can justify spending €2 million over the past four years on public interest directors when it does not know what the directors do or to whom they report. What is the difference between a public interest director and a non-executive...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: To whom do the public interest directors report?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: That is the board.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: Is Mr. MacSharry saying that his understanding is that the public interest directors have no reporting role whatsoever?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: The public interest directors do not report to either the Central Bank or the Minister for Finance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: Do the witnesses see how the public would have difficulty with that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: What percentage of the loan book is in residential mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: Is there anything, be it legislation or otherwise, that constrains the public interest directors' roles in representing the public interest?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: I would say that was not the only thing she was giving out about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: I would say it was not all about the Bank of Ireland credit card.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: I welcome the witnesses. There is a sense of déjà vu about this meeting. The CEO of Bank of Ireland, Mr. Richie Boucher, was before the committee a couple of weeks ago. The witnesses today must be using the same PR people. They have the same approach. They are going all over the shop and stonewalling. The public is looking in and I suspect is immensely frustrated. The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: I was mystified at the time by the approach of the public interest directors. Mr. Boucher was deputy CEO of the bank and responsible for introducing 100% mortgages. Mr. Considine mentioned arrears, which are at nearly double the rate they were in 2005-06. How do the public interest directors stand over that appointment? They spoke about a cultural change in the bank, but the manner in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: With due respect, I have very little time and that is not what I asked. How did the witnesses come to approve the appointment of Mr. Boucher when they were supposed to effect a change in culture as public interest directors? When he was appointed, his remuneration breached CIROC policy and the board had to row back on that. I want an explanation of their decision as public interest...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: How did Mr. Walsh agree to unanimously approve Mr. Boucher when history had shown that he was one of the major architects of Bank of Ireland's problems?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: Who put the process in place? 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)
Kieran O'Donnell: Who carried out Mr. Boucher's interviews?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: Who on the board carried it out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: Did the public interest directors interview Mr. Boucher?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: Mr. Boucher came before the interview board and both public interest directors were involved in interviewing him.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Kieran O'Donnell: The public interest directors were satisfied notwithstanding that they were seeking a cultural change in a bank which piled into 100% mortgages. They do not get it. The bank does not get what is required by the public. I have listened to this. I do not think the witnesses understand the role of public interest director. Mr. Considine mentioned the 2010 Act which provides in section 48...