Results 12,581-12,600 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am not dealing with all directors; I am dealing with you, as 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)

Ciarán Lynch: I will deal with that later, Mr. Considine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: You are a public interest director and I want to know whether, in that capacity, you have reported to either the Minister for Finance, the Department of Finance or the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Mr. Considine, do not be evasive with me this morning. I am asking you whether, as a public interest director, you have reported to the Minister for Finance, the Department of Finance or the Central Bank. Mr. Walsh has not done so and was emphatic about that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Please be clear, Mr. Considine.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am not asking you about your position as chairman of the risk committee. I am asking you a specific question, Mr. Considine. As a public interest director, appointed under specific legislation by the then Minister for Finance, the late Deputy Brian Lenihan, have you on any occasion given a formal report to any Minister for Finance, to the Department of Finance or to the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Mr. Richie Boucher, the chief executive officer of Bank of Ireland, appeared before this committee a couple of weeks ago. He said there was no difference between public interest directors and standard directors, except that public interest directors were not elected. Would you agree with that opinion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: We know that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I will repeat the question. When Mr. Boucher appeared before this committee he said the only difference between public interest directors and appointed directors of Bank of Ireland was that the former were not elected. He said that both types of director had the same duty of care and under company law had the same responsibilities. Would you agree that you are just directors, like anybody...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am asking both of you that question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: You are drifting. I need you to be more specific. I will invite Mr. Considine to answer the question and then come back to you, Mr. Walsh. Mr. Considine, what distinguishes you from the other directors on the board of Bank of Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Mr. Considine, you were appointed as a public interest director. You were not elected to the board but were appointed by the Minister for Finance in 2009 and have served on the board of the bank for four years. I am not interested in what other directors are doing. Bank of Ireland is partly owned by the State and those directors have a job to do. You also have a specific job to do and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Can you be specific and tell me about, for example, one single decision or proposal that either yourself or Mr. Walsh have put before the board, as 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)

Ciarán Lynch: Thank you Mr. Walsh. I invite Mr. Considine to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I thank Mr. Considine and Mr. Walsh for their opening statements. As this sitting will be very busy, I will invite the lead speakers to engage with witnesses for 12 minutes, and the second round speakers to engage for eight minutes, with the time reducing as we proceed. Before I call on the first member, may I confirm that both Mr. Considine and Mr. Walsh were appointed to the board of Bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: By whom were you appointed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: How much has each of you been paid in fees and expenses since your appointment in 2009?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I welcome Mr. Tom Considine and Mr. Joe Walsh, public interest directors, Bank of Ireland. The format of the meeting is that Mr. Considine and Mr. Walsh will make some opening remarks, which will be followed by a question and answer session. As the meeting is being broadcast by UPC on channel 207 I remind members to switch off their mobile telephones and I advise members in the public...

Written Answers — Department of Finance: Property Taxation (20 Dec 2012)

Ciarán Lynch: To ask the Minister for Finance with regard to the property tax, the reason that no exemptionor concession was given to persons who paid large amounts of stamp duty in recent years; and if he will make a statement on the matter. [57398/12]

Written Answers — Department of Finance: State Bodies (20 Dec 2012)

Ciarán Lynch: To ask the Minister for Finance the number of cases from 2008 to date in which the State Claims Agency was successful, but costs were awarded to the plaintiff; if he will indicate the total of such costs paid each year; and if he will make a statement on the matter. [57422/12]