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Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Some of these issues were covered in Mr. Quinn's initial remarks. Without referring to the particular individual, what were the general circumstances which gave rise to costs of more than €73,000 being incurred in respect of an individual who did not commence employment in the bank? This is serious. This person was not part of the bank but received €73,000 compensation.

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Did the Central Bank bring the person to the steps to make the award?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: What general circumstances gave rise to the payment of €61,000 each to two individuals with less than two years' service, and to the payment of €60,000 to a contractor who had worked with the bank for more than five years but who had never been an employee?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Does Mr. Quinn believe the system is now right and this will not happen again?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Did this happen because of neglect in the system?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Of the total amount of €384,000, the extraordinary amount of €157,000, or 41%, was paid out in legal fees. Why were the legal fees so high? The amount seems very severe.

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Why was the legal advice received not documented and filed in some cases? Why did the Central Bank not disclose and document it?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: The report states the bank had no written policy or guidelines for dealing with termination agreements and severance payments and that the process usually involved either external legal advice or employee relations advice. Why was such a policy not in place?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: I will ask the obvious question. What lessons has the bank learned from these instances and what amendments have been made to its procedures to avoid a recurrence of what happened?

Public Accounts Committee: Special Report No. 91 of the Comptroller and Auditor General: Management of Severance Payments in Public Sector Bodies (21 Sep 2016)

Bobby Aylward: Were the Central Bank representatives happy with the report of the Comptroller and Auditor General? Do they have any differences with the report? Is the bank happy to accept the report in full?

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: We all received the correspondence. What is it about? It is an individual complaint about HRI and makes some allegations. Where can we go with it or what can we do about it?

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: Would it be more appropriate to the agriculture committee?

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: Has it?

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: It has done the rounds. Why has it been returned to us?

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: The Deputy is aware of it.

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: I read through it. It contains allegations and a couple of questions need to be examined.

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: It asserts that the CEO has been appointed three times, which is against policy and principle. Why that happened is a straightforward question.

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: We should receive an explanation as to why it happened if it was against policy.

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: And the salary issue.

Public Accounts Committee: Business of Committee (21 Sep 2016)

Bobby Aylward: Does HRI have the power to exceed the proposed allowable salaries?

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