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Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Both newspapers. Several journalists were involved in promoting it as a place to invest money.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Were they taken out for free?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Mr. O'Regan does not know, although he was the editor at the time.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Why does he not know? He was the editor at the time.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Does he think that was okay?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Mr. O'Regan said in response to Senator MacSharry that part of his remit was to give people what they want to read. I am puzzled.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Sorry, I wrote the quote down differently.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: His remit is what they want to read rather than what journalists should be doing in terms of seeking to challenge power.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Right. Finally, can Mr. Doorly give us some idea about this? Obviously Irish News and Media, INM, was a public company listed on the Stock Exchange with a board of directors all during this time.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Without naming names, could Mr. Doorly give us a profile of the type of people who were on the board during that period?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: People are more interested in the Irish ones.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: The point I was trying to make was that on that board at that time the company would have a representative of stockbrokers, the chairman of Allied Irish Bank, two former politicians, a director of the Central Bank and also another member of AIB. I was trying to give people a feel for the people on the board of INM at the time. They were not newspaper people.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: In addition to those, I know there were others.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Finally, my question is what sort of ethos would the board of the company lay down, given that it is a public company with shareholders who are looking for a return?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: What ethos is laid down by the board?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: That is fine.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Ms Kennedy said that David Went asked whether she might write a piece about the banks. He was a banker as well as chair of The Irish Times. I take it that Ms Kennedy said "No" to that request.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Ms Kennedy spoke about getting telephone calls, complaints, and requests for clarifications. Did anybody else on the board of The Irish Timesask a similar question during her tenure?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Susan O'Keeffe: Ms Kennedy said she had lots of conversations and got lots of complaints from politicians and that she would sometimes meet them at their request. Did she have any formal meeting with the Taoiseach, the Tánaiste or Government Ministers that were formally arranged on foot of a call from them to say they needed to talk about something?

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