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

This amendment is consequential on the change in term limits for the board of directors from nine years to 12 years in aggregate in any 15-year period. We had a good debate about this yesterday. Given that the term limits are increased to 12 years under section 15, the reference to permissible limits under this Part also must be updated to refer to 12 years. This section requires the nomination committee to review the membership of board members who have served the 12 years permissible under the Bill and document the rationale for continuance of that person.