Results 3,961-3,980 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I will ask Mr. Walsh to reply, then we will hear Mr. Considine and Deputy 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)

Ciarán Lynch: Time is limited.

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

Ciarán Lynch: Would Deputy O'Donnell please stop interjecting and let the witnesses answer his questions because he is not allowing them to do so?

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

Ciarán Lynch: The Deputy has six minutes.

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

Ciarán Lynch: I missed the answer to the question. He has not stood 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)

Ciarán Lynch: Deputy Dooley should realise that what is outrageous is coming in here for the last couple of minutes of the meeting to comment. We have been here since 9.30 a.m.

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

Ciarán Lynch: The Deputy is not listed.

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

Ciarán Lynch: He was here at 9.30 a.m.

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

Ciarán Lynch: Deputy Ross is in possession.

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

Ciarán Lynch: If Deputy Dooley persists with this, I will ask him to leave. Deputy Ross is in possession.

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

Ciarán Lynch: I will give the Deputy two minutes maximum.

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

Ciarán Lynch: It is two minutes.

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

Ciarán Lynch: That is Deputy Ross’s last question.

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

Ciarán Lynch: I thank Mr. Joe Walsh and Mr. Tom Considine for coming before the committee this morning to deal with the Bank of Ireland module of the public interest director module with which the committee is dealing. I appreciate their coming before the committee and giving of their time. From what I have gathered, this is the first opportunity they have been given since their appointment in January...

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

Ciarán Lynch: Mr. Walsh’s good wishes are kindly received.

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

Ciarán Lynch: We resume in public session with our examination of the role of public interest directors. The joint committee will hear in this session from the two public interest directors of Allied Irish Banks, Mr. Dick Spring and Dr. Michael Somers, whom I welcome to the meeting. I understand Mr. Spring and Dr. Somers wish to make opening statements and I invite Mr. Spring to make his first.

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

Ciarán Lynch: Thank you Dr. Somers. Let me outline how I propose to conduct the meeting. The first round of questioners will be allocated 12 minutes with the allocation for the second and subsequent rounds depending on time. To summarise, Dr. Michael Somers was appointed in 2009 by the then Minister for Finance, the late Brian Lenihan. Is that correct?

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

Ciarán Lynch: Is it correct the remuneration received by Dr. Somers in that period was €248,000 and that Mr. Spring's remuneration was €132,000.

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

Ciarán Lynch: May I put the following question to each witness? Mr. Spring was appointed in 2009; since then has he ever been given any instruction or specific terms of reference in regard to reporting or how he should carry out his task 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)

Ciarán Lynch: For whom?