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Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: But it cost €2 million. What about the overall number of cases in a year, in terms of the cost of legal fees?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What are the administration costs?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: €116 million.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: How is the board structured?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Yes.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: There are two vacancies on that board. They are appointed by the Minister for Finance. What is the cost of the board? What does each member receive in expenses?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What would that be for?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: It is not very little? Is it the number of meetings?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Would the nine people travel from different parts of the country?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is that person paid to travel over and back?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: That is part of the €599,000.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Board costs-----

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: The administration cost is €116 million.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: In the €599,000?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is that because of the particular expertise of the individual in the UK?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: As you are recruiting staff - we heard the numbers earlier in terms of the 370 staff - what is the focus regarding their skill sets, now that you are developers?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Now that you are involved in the development and building of houses and the analysis of that market, what is the skill set required? Are you recruiting a particular skill-set, relative to your activity?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: They have property backgrounds.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: The last time you were here we talked about information that may or may not have gotten into the market from employees of NAMA. It was said at the time that the allegations at that time were unfounded and with regard to the so-called full file, NAMA has very little information in regard to individuals. Thereafter, was some court action taken against someone or legal action taken against an...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Therefore, would you still stand over those statements?

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