Dáil Éireann Debate, Tuesday - 27 March 2018
122. Deputy Mick Wallace asked the Minister for Finance the status of the appointments to the board of NAMA advertised in January 2018; if he has considered appointing persons with the requisite skill in construction and real estate; and if he will make a statement on the matter. [13940/18]
Amharc ar fhreagraUnder the NAMA Act 2009, the NAMA Board is to consist of nine members - the NAMA Chairman, the CEO of NAMA (ex-officio), the CEO of the NTMA (ex-officio), and six ordinary members. There are currently seven members on the NAMA Board and there are two vacancies for ordinary members which have arisen as a result of departures from the board in December 2013 and January 2014. A full complement of Directors and committee members will ensure appropriate corporate governance as the Agency progresses its objectives and plans for its final phase and wind-up.
As the Deputy will be aware, on 11 January 2018 the Department of Finance launched the process to appoint two new ordinary members to the Board of NAMA to fill the current vacancies. This process is being run in conjunction with the Public Appointments Service (PAS) and in line with the guidelines governing appointments for State Boards which can be found at: http://www.publicjobs.ie/publicjobs/publication/document/2014_1125_Guidelines_Appointments_to_State_Boards.pdf
The application process closed on 8 February 2018 and applications are currently being reviewed. Essential criteria for these roles include demonstrable business expertise in one or more of a number of relevant areas including commercial and residential property development. The full set of criteria for this vacancy is set out in the information booklet for this process, available at: http://www.stateboards.ie/stateboards/campaignAdvert/68882/booklet.htm. As this appointment process is ongoing it would not be appropriate for me to comment any further at this time.
