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Seanad
‹ Order of Business

Reforming bank director roles

Summary

Martin Conway calls for all public-interest directors to be replaced and their statutory role redefined, while the Chair curbs personal allegations and institutional criticism.

For many months, I have been standing up on the Order of Business questioning the role of the public interest directors in the banks.

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Paddy Burke An Cathaoirleach Fine Gael

We are not discussing this issue on the Order of Business.

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Hang on a second, a Chathaoirligh, I did not mention any name and I will not. I want due process also. I have spoken about the role of the public interest directors in the banks before and believe the whole lot of them should be sacked. We need to redefine the role of public interest directors and introduce legislation to ensure their main role and responsibility is to serve the interests of the public and the country, not the interests of the bank or its board of directors. As we saw yesterday with the behaviour of the public interest director in Bank of Ireland, their role is at variance with the public interest.

Will the Leader inquire of the Minister for Justice and Equality as to when we will see the legal services Bill? The legal profession is another rotten institution.

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I object to that claim. It is outrageous.

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I am entitled to my view.

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Paddy Burke An Cathaoirleach Fine Gael

The Senator is not under the protection of the House. That was a bit extreme.

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Legal institutions need to be reformed.

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One cannot libel an institution so easily.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Conway is generalising.

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