Written answers
Wednesday, 22 February 2012
Department of Finance
Ministerial Appointments
8:00 pm
Brian Stanley (Laois-Offaly, Sinn Fein)
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Question 32: To ask the Minister for Finance if he intends to appoint someone from a company (details supplied) to the National Asset Management Agency, NAMA, advisory board; if he will outline if such an appointment will be made from the advisory company or the investment company; if he believes a conflict of interest will arise as a result someone from this company being on the NAMA advisory board and this company subsequently purchasing assets in NAMA; and if he will make a statement on the matter. [9971/12]
Michael Noonan (Limerick City, Fine Gael)
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I have appointed Mr Michael Geoghegan to chair a small group of advisors to advise me on the future strategic direction of NAMA. Mr Geoghegan has agreed to carry out his role on a pro bono basis. I am currently considering the names of potential candidates who have the appropriate experience and background to work effectively on the group of advisors with Mr Geoghegan. I expect to announce the other members shortly. At that stage, I will also announce the group's terms of reference, as well as its reporting framework and arrangements in relation to costs.
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