Dáil Éireann Debate, Tuesday - 23 April 2013
215. Deputy Pearse Doherty asked the Minister for Finance if he will provide an assessment of the risk to the financial health and profitability of Permanent TSB as well as to the public interest, from the announced resignation of persons (details supplie) from the board of PTSB in May 2013; and if he will make a statement on the matter. [18470/13]
View answerAs the Deputy will be aware it is a matter for the Chairman of Permanent TSB to ensure that the board of directors is of sufficient size and has an appropriate mix of expertise to comply with governance, company law and regulatory requirements. I have been informed that the current board complies with all relevant requirements but is subject to on-going review and renewal as required. As the Deputy will be aware the directors have fiduciary obligations to the company and have obligations under Section 48 of the Credit Institutions (Stabilisation) Act.
