Seanad debates

Thursday, 25 March 2004

Aer Lingus Bill 2003: Committee Stage.

 

2:00 pm

Photo of Jim McDaidJim McDaid (Donegal North East, Fianna Fail)

There are 12 members on the board, four of whom are worker directors and if an employee share ownership plan, ESOP, is to go ahead, the number of worker directors would be reduced to allow for representation by ESOP. In the event of a future sale, it would allow the third party to be on the board as well. It is trying to keep the number on the board at a workable level. It would not be the same if there were 24 on the board. As Members know, the smaller the board, the better the work. That is the reason I cannot accept this amendment.

Question, "That the words proposed to be deleted stand", put and declared carried.

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