Dáil Éireann Debate, Wednesday - 21 March 2012
87 Deputy Gerry Adams asked the Minister for Finance the terms of reference of the National Asset Management Agency advisory group; the regularity with which the advisory group meets; and the regularity with which it reports to him. [15673/12]
View answerAs the Deputy is aware, I announced the establishment of a group to advise me on NAMA in my 2012 Budget speech. I subsequently appointed Mr Michael Geoghegan to chair the group. Further to the announcement in my Budget speech regarding the establishment of a group to advise me on NAMA, and the appointment of Mr. Michael Geoghegan as Chairman of this group, I appointed Mr. Denis Rooney and Mr. Frank Daly as members of the group on the 7th of March. The group's advice to me will primarily relate to the strategy of NAMA as proposed by the board of NAMA; the appointment of directors to NAMA; the remuneration of the senior executives of NAMA and any further advice that I may seek on any matter relating to NAMA. I am pleased that all these individuals have agreed to provide this advice to me on a pro bono basis.
I have agreed that the group will meet and report to me at least four times a year. The group or members of the group are of course free to discuss issues with me at any time on an ad hoc basis.
