Seanad debates

Tuesday, 11 December 2012

Credit Union Bill 2012 : Committee Stage

 

5:45 pm

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

Amendment No. 79 ensures the secretary acts at all times in a manner that is free from conflict. If this was useful in a political party, I suspect it might be useful in a credit union as well. Where a potential conflict is identified between his or her interests and those of the credit union, the secretary must declare in writing to the board the nature of his or her own interests and serve notice of that conflict on the Chair. Other amendments I have tabled are minor technical amendments that correct cross-references that are consequential on the amendment proposed. The substance of amendment No. 79 in terms of conflicts of interest is a pretty standard provision in legislation and is simply being transposed here in the same way it would be in any similar legislation.

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