Results 7,221-7,240 of 9,393 for speaker:Alex White

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Regarding head 22, the National Supervisors Forum proposes there should be an additional subhead such that the board could facilitate the oversight board to have continued access to all books, documents and reports. It is also proposed that the board of directors must within one month respond in writing to the oversight committee on all matters raised at quarterly meetings with the board....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: In head 25, the National Supervisors Forum has proposed an additional provision that to facilitate the work of the oversight board, it would be provided with all requested assistance to enable it to carry out its functions. Can Mr. Mulvey explain this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: These are the various responsibilities of the manager.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Head 27 deals with the nomination committee. Is the National Supervisors Forum proposing a separate nomination committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: That means the oversight board would establish a nomination board to deal with vacancies for the oversight board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: That means it would generate replacements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Are there any risks, even remote, of manipulation or self-perpetuation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Head 29 concerns the titles of the members of the oversight board. If the committee is to be retitled as proposed in the legislation, the National Supervisors Forum wants the members of the board to retain the title of supervisor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Are there any questions for other members?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: That is appreciated. Mr. Kevin Johnson of the Credit Union Development Association, CUDA, made a submission to the committee. Again it concentrated to some considerable extent on this broad question of governance. It is an area that has preoccupied most of the delegations that have presented to the committee. We have had much discussion on head 20 concerning term limits. What is Mr....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: On subhead 6 of head 17, internal audit function, it is proposed in the draft scheme that the internal audit function would report the results of its evaluations and recommendations to the audit committee, where one exists. The forum is proposing that the internal audit function should in addition also report to the oversight board.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Head 18 deals with general requirements in respect of governance. In this regard, the forum is concerned about remuneration policies. What is provided for in subhead 1 is that remuneration practices and policies must be consistent with and promote sound and effective risk management. Am I correct that the forum believes there is a case to be made for elaboration of this provision?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Does it happen at all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: There is a proposal to remove the office of treasurer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: What happens if that occurs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Am I correct that what the forum is advocating is an absolute prohibition on remuneration of anybody in the system?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Yes out-of-pocket vouchable expenses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: We will resume our consultation of the draft scheme of the credit union Bill 2012 with credit unions representative bodies. I welcome Mr. Joe Mulvey from the National Supervisors Forum, Mr. Kevin Johnson who is chief executive officer of the Credit Union Development Association, Ms Selina Gilleece from the Credit Union Managers Association and Mr. Pádraig Ó Cearbhaill who is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: It is almost likely to defeat the purpose of an information session, in the sense that people need an opportunity to reflect on what they hear.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Alex White: Ms Byrne also has thoughts on the circumstances in which a credit union may be minded to provide additional services and how it would bring that about. I refer to the instruments or measures it would need to adopt to be able to provide additional services.