Seanad debates
Tuesday, 11 December 2012
Credit Union Bill 2012 : Committee Stage
6:30 pm
Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source
This amendment provides that the board of ReBo may direct the chief executive to undertake certain functions relating to the accounts of ReBo. This amendment reflects the fact that the board of ReBo and not the chief executive is responsible for keeping the accounts of ReBo and submitting those accounts to the Comptroller and Auditor General. Therefore, it is appropriate for the chief executive to act under the direction of the board of ReBo rather than the agreement of the board.
It is a fairly standard provision.
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