Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
11:45 am
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
The kernel of it is whether the public interest directors support Mr. Boucher's position. The personal insolvency legislation is where the public interest and the interests of the bank are in conflict. The whole point of the public interest directorships is to act, as compelled by legislation, in the public interest where there is a conflict with the interests of the bank. Mr. Boucher's position is contrary to the spirit of the personal insolvency legislation. Therefore, the public interest in this case is defined by the Government.
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