Sean Barrett (Independent) | Oireachtas source

I thank the Minister. My concern is about whether, under modern corporate governance, the idea that one could meet only every three months would have any acceptability. I hope it is read in conjunction with what the Minister has just said. The other finding of the banking inquiry is that the executives had far too much power and the boards did not, and it cost us the €64 billion. While I will not push these two amendments, before Report Stage, could the Minister reflect on what is good corporate governance and how frequently boards must meet in order to monitor what executives are doing? Maybe, the Cabinet meeting on the night of the bank guarantee was not conducted with the kind of technology the Minister has in mind. It was a series of sequential phone calls, such that Minister X did not know what Ministers A to H said.