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Public interest directors at Permanent TSB step down

Margaret Hayes and Ray MacSharry were asked by the government in 2009 to fill the roles to ensure that the bank was acting in the public interest.

TWO PUBLIC INTEREST directors at Permanent TSB have announced today they they will not be seeking re-election at the company’s annual general meeting next year.

In a statement, Permanent TSB said that Margaret Hayes and Ray MacSharry both advised the board that they do not intend to stand for re-election at the 2013 AGM.

Hayes and MacSharry were asked by former Finance Minster Brian Lenihan to step into the roles in 2009 to ensure that the bank was acting in the public interest.

Alan Cook, Chairman of Permanent TSB, today thanked both directors for their contribution to the doard. He said they have both “been valued colleagues and have made enormous contributions to the board during their respective tenures”.

“On behalf of my colleagues, I want to express our appreciation to both of them for their work on the Board and we wish them every success in the years ahead,” he added.

Read: Permanent TSB records €922 million loss for 2012>
Read: Sold: Government confirms sale of Irish Life for €1.3 billion>

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24 Comments
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    Mute SMcB
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    Jul 15th 2011, 1:11 AM

    Someone who arrives at an A&E with an alcohol related illness might think twice about clogging up valuable resources if they were sent a nice hefty bill for the pleasure. It’s the only way to knock some sense into some people.

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    Mute Erin O'Brien
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    Jul 14th 2011, 10:40 PM

    Point taken

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    Mute Gunnar Dangle
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    Jul 14th 2011, 8:38 PM

    I’ll drink to that!

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    Mute Erin O'Brien
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    Jul 14th 2011, 10:31 PM

    Why are you assuming that a person in hospital because of alcohol related issues must be on the dole ??? Very small minded

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    Mute hammersteind
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    Jul 14th 2011, 10:39 PM

    read my comment again Erin….I said that you pay (if you are working) ,and if you are not working then your dole gets reduced by some ammount. How is that small minded? Its a fair approach to ensure everyone pays something and thereby learns to take responsibility for the consequences of their drunken bed blocking!!

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    Mute Risteard MacAindreas
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    Jul 14th 2011, 7:46 PM

    interesting statistics, I’d quite like to see the numbers associated to the percentages, you have to keep in mind that men don’t have bed days associated with child birth which might push the women’s numbers down artificially.

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    Mute David Higgins
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    Jul 14th 2011, 11:53 PM

    and the cost of Cannabis-related illness was……

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    Mute Howard Cooley
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    Jul 15th 2011, 8:24 AM

    A New York type “Trunk Tank” might be a better deterrent.

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