Credit Union Restructuing Board (the ‘ReBo’) Notice seeking expression of interest

Brendan Burgess

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The Minister for Finance is now seeking expressions of interest from suitably qualified people for appointment to the Credit Union Restructuring Board (the ReBo).

A core recommendation of the Commission on Credit Unions is that the credit union sector in Ireland should be restructured to enable stronger credit unions to develop a more sustainable business model into the future. The ReBo is being established to facilitate and support this process which is to be completed on a voluntary, incentivised and timebound
basis.

The role of the ReBo will be to:
- Plan for the restructuring of the credit union sector,
- Engage with and assist credit unions in the preparation of restructuring
plans
- Consider and decide on restructuring plans submitted to it by or on
behalf of credit unions
- Oversee the implementation of restructuring plans, including the
provision of post-restructuring support
- Oversee the operational functions of the ReBo.
The ReBo shall comprise representatives from the credit union sector, the Central Bank of Ireland, the Department of Finance and a number of independent members. The ReBo shall remain in place until 31 December 2015.

In order to be eligible a person must have expertise and experience at a senior level in one or more of the following areas:
 Credit unions
 Industrial Relations
 Business analysis 
Risk Management
 Mergers and Amalgamations 
Project Finance
 Information Communications
Technology
 Law
 Corporate Governance 
Accountancy and Auditing
 Systems Control 
Finance & economics  Financial Regulation 
Insolvency and Restructuring
 Financial Services 
Co-operatives 
Credit Management 
Project Management

Those expressing an interest in this role should also be able to demonstrate a balanced set of skills, combining financial and business expertise, good business vision with the ability to work within tight deadlines as well as having excellent communication and relationship-building skills.

The closing date for expressions of interest is 5.00pm on 8 June 2012. Expressions of interest should be emailed to [email protected], enclosing a CV and details of any actual or potential conflicts of interest. In considering expressions of interest
due regard will be given to Government policy on gender balance on State boards.
The Minister will not necessarily be confined to those who make expressions of interest received in response to this or any other notice.

Persons expressing interest in this Board should familiarise themselves with the following:
1. The Report of the Commission on Credit Unions ([broken link removed].
pdf)
2. Code of Practice for the Governance of State Bodies (www.finance.gov.ie/documents/publications/other/codeofpractice.pdf).
 
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