Tuesday, 10 February 2009
Dáil Eireann Debate
173. Deputy Charles Flanagan asked the Minister for Finance his views on whether it is appropriate that persons serving on the board of Anglo Irish Bank prior to its nationalisation should continue to serve as board members of other State authorities to which they were appointed by the Government; and if he will make a statement on the matter. [4234/09]
Minister for Finance (Deputy Brian Lenihan): Appointments to the board of a State Body are generally made by the Minister with responsibility for the Body in question, usually subject to the consent of the Minister for Finance. Renewals of appointments are handled on a similar basis. The arrangements for such appointments are normally set out in the legislation establishing the State Body.
The Code of Practice for the Governance of State Bodies stipulates that all State Bodies should have written Codes of Business Conduct for their directors and employees and provides (at Appendix B of the Code) that the principle of integrity should underlie the actions of a State Body’s directors and employees.
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