Results 22,981-23,000 of 26,086 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 (20 Dec 2012)
Kieran O'Donnell: This is a serious matter. I ask that the Chairman allow me to put my questions.
- 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, as a public interest director, could he stand over that?
- 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 Department Finance changed his remuneration package at the time.
- 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 witnesses are public interest directors.
- 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. Walsh might answer the question about Mr. Goggins' pension.
- 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...
- 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 witnesses are missing the point. Bank of Ireland was provided with almost €5 billion of taxpayers' money but is acting as if there was no public interest in its operations. The public interest directors have effectively gone native. Mr. Walsh was appointed chairperson of the remuneration committee. Ray MacSharry, a former Minister, appears to have been appointed in Permanent...
- 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 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 with Permanent TSB (19 Dec 2012)
Kieran O'Donnell: What percentage of the loan book is in residential mortgages?