Fergus O'Dowd (Louth, Fine Gael)
Link to this: Individually | In context

Question 43: To ask the Minister for Finance the details and outcome of the past three reviews by his Department's Governance Support Division of compliance by his Department's State bodies with the code of practice, in particular to name the State bodies that have not achieved full compliance; the reason for same; the action taken by him; the results of same; and if he will make a statement on the matter. [24388/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The following is the position in relation to compliance with the Code of Practice for the Governance of State Bodies by State bodies under the aegis of my Department.

National Treasury Management Agency The National Treasury Management Agency's legal structure does not follow the general semi-state model in all respects. The National Treasury Management Agency is currently carrying out a detailed review of how the code can be adapted to the specific structure of the Agency and its associated bodies.

National Asset Management Agency In accordance with the provisions of the National Asset Management Agency Act 2009, NAMA has submitted codes of practice for my approval on the conduct of officers of NAMA. This code is being reviewed. Once finalised and approved, it will be published on the NAMA website.

An Post National Lottery The National Lottery Company, which operates the National Lottery under a licence issued by the Minister for Finance, is a subsidiary of An Post, which is under the aegis of my colleague, the Minister for Communications, Energy and Natural Resources. Corporate Governance of the National Lottery Company is a matter, in the first instance, for the Board of the Company and are overseen by An Post as parent company and the Department of Communications, Energy and Natural Resources as parent Department. The annual reports of the National Lottery Company for each of the years 2007, 2008 and 2009 confirm that the Company is fully compliant with the Code of Practice for the Governance of State Bodies.

Anglo Irish Bank The Bank has confirmed in its annual report for 2009 that during 2009 the bank adopted the Code of Practice for the Governance of State Bodies and is working with my Department towards full compliance.

Financial Services Ombudsman Council and Financial Services Ombudsman's Bureau The Financial Services Ombudsman's Bureau have confirmed that both it and the Financial Services Ombudsman Council are compliant with the Code of Governance of State Bodies.

Irish Financial Services Appeals Tribunal The Financial Services Appeals Tribunal have confirmed that they have a code of conduct in place which is compliant with the Code of Governance of State Bodies.

While within the current statutory provisions, the Central Bank and Financial Services Authority of Ireland are independent of the Minister for Finance in this area, I understand that the Board of the Central Bank and the Regulatory Authority have adopted codes of practice which reflect the document prepared by my Department.