Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

These amendments increase the term limits for the membership of the board of directors. During Report Stage in the Dáil, the Minister stated that he intended to bring forward an amendment, following consultation with the Office of the Attorney General, to change the term limit to 12 years in aggregate in a 15-year period. The commitment is now reflected in these amendments and it strikes an appropriate balance between promoting board rotation and protecting the volunteer ethos of credit unions. Amendment No. 43 deals with possible exceptions to term limits.