Bank public-interest directors
Senators dispute the role, duties and accountability of public-interest directors on bank boards and call for clearer oversight and assessment of their performance.
To be fair, there is more than one public interest director. The Senator has mentioned only one.
Comment on this
Absolutely, but Mr. MacSharry was the one who made the comment.
Comment on this
The Cathaoirleach has ruled many times that we should not mention people who are not in the House.
Comment on this
He was mentioned on the airwaves, as well as in the Seanad.
Comment on this
He is a former Minister. There is also Margaret Hayes.
Comment on this
There are many others. Senator Catherine Noone mentioned Margaret Hayes. All bank boards have public interest directors. I want to know what their duties are, where they are written down and what we can do about it. Most important, there should be an audit at the end of the year to find out if these directors are performing their duties in the public interest. We must discuss this issue again in the Seanad. There is no point in having public interest directors who are on a fine fat salary if we do not know what they are doing. That is the question.