asked the Minister for Finance whether the directors of any of the following companies consult the appropriate Minister before instructing the nominee of such company as to the manner in which such nominee is to vote at a meeting of any other company in which the original company has a shareholding: (i) The Irish Assurance Company, Limited; (ii) The Industrial and Life Assurance Amalgamation Company, Limited; (iii) The Industrial Credit Company, Limited; (iv) Irish Shipping, Limited; (v) the Agricultural Credit Corporation, Limited; and (vi) Aer Rianta, Teóranta.
Ceisteanna—Questions. Oral Answers. - Voting by Nominees at Company Meetings.
It is the general policy not to intervene in the management by the directors of the affairs of companies in which the State has a share interest, such as those mentioned by the Deputy. At the same time, it would be expected that, in relation to any important question impinging on Government policy, the directors of such companies would consult the appropriate Minister before taking action themselves or before instructing their nominee as to the manner of exercising voting rights attaching to a share interest in any other company.