Role of ptsb's public interest directors

[Brendan Burgess]

Ray McSharry and Margaret Hayes, public interest directors of ptsb, appeared before the [broken link removed]Committee today.

Asked by committee chairman Ciaran Lynch if had voted against the board in his capacity of public interest director, Mr MacSharry said at all times he took into account the interests of the stakeholders which included the customers.


He said he had his views representing the public had never been pushed to a vote.
The bank's other public interest director, Margaret Hayes, told the commitee PTSB was working "assiduously to address its growing mortgage arrears problem.

I wonder if they were asked about whether they had voted for all the increases in the SVR?

 

[reddanmm]

Looks like Alan shatter was not impressed with Mr mcsharrys comments yesterday . No debt write down for unsubstanible debt .
Discussion on pat kenny this morning about the personel insolvency bill and according to Stephen donnelly its a sham as the banks can chase you for another 5 years for the money owed . Making it 8 years not 3 years for bankruptcies.

 

[Raging Bull]

Mr mcSharrys comments about not being given a brief would be more worrying but sadly not surprising. So why are they even on the board if they they dont know what their role is supposed to be