Results 9,281-9,300 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: You said at the time that you were the person that signed off on it, on the dividend was paid.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Was there any reservation at any board level or at any level within the bank in regard to that dividend being paid out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: And where was that coming from?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: It was overruled, or that objection was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay, thank you very much. Deputy John Paul-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Thank you very much, Mr. Gleeson. Deputy Phelan.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: We have questions on each to get through as well.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Please, I give you enough time to ask the question, Deputy, now I need the witness to reply.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Now just before we go to the break there, Mr. Gleeson, I just want to deal with one matter, and it's the issue of incentives and remunerations. And if I could maybe ask you the salary bonus and pension plans offered to the senior executives at AIB, they would be considered significant, certainly in today's circumstance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: -----and maybe back then. Are you, are your reflection of that, do you believe they were justified and appropriate for an Irish financial institution----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: -----an island of 4.5 million people paying these big sums?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: The core document there relating to is up there on the screen at the moment, so I'm not going to ... it just gives a context as a board meeting, so I'm not going to get tied up into referencing that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: The ... I suppose what I'm getting to here is how performance remuneration influences the factors in the bank's lending behaviour.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Was there at any time consideration relating to risk built into the measurements performance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: In layman's or laywoman's terms looking in this morning, the performance bonuses were on increased sales -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: And were there bonuses for somebody who might say, "I think we need to shrink this area and underperform because it's getting risky"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay, but you have no recollection of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Thank you. I now propose we break, returning at 11.25 a.m. In doing so, to remind the witness that once he begins giving their evidence, he should not confer with any person other than his legal team in relation to the evidence on matters that are being discussed before this committee. With that in mind, I will now suspend this meeting until 11.25 a.m. and remind the witness that he is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: We will move back into this morning's proceedings and public session. Is that agreed? Agreed. I now propose that Senator Michael D'Arcy take the next line of questioning. Senator, you have ten minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Senator you're out of time. I just ... whilst the Senator concentrated a lot on the guarantee, I want to return to a governance issue.