Andrew Doyle (Wicklow, Fine Gael)
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Question 144: To ask the Minister for Finance the way he will formulate strategic objectives for the Anglo Irish Bank board in view of the fact that he is the only shareholder. [12847/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Anglo Irish Bank is being run on arms length commercial basis. The Board of Anglo is currently preparing a comprehensive business plan which will be required to demonstrate how the Board will oversee the continued commercial operation of the bank in the best interests of the bank and the Exchequer as shareholders. The Board will formulate the strategic objectives of the bank, in the context of the bank's changed ownership structure and the more challenging operating environment in the coming years. My Department has been consulted as part of that process. The business plan will be submitted to me in the near future.