RULING:A COMPANY director who was voted last year on to the board of Irish Life & Permanent Group Holdings has lost his High Court move to force the company to immediately complete his appointment.
However, Brian Murray SC, for IL&P GH, said Piotr Skoczylas may attend and speak at board meetings once he completes a special course on Irish retail banking as set down by the Central Bank. The court heard Mr Skoczylas will not be able to vote until he has completed the training, which starts in April.
Mr Skoczylas, a director of Maltese-registered Scotchstone Capital Fund Ltd, was elected to represent the interests of minority shareholders at an EGM in July last year.
Mr Skoczylas and 16 other members of Irish Life Permanent Group Holdings had sought a mandatory enforcing injunction requiring he be fully installed as a non-executive director by March 1st, 2012.
Yesterday, Mr Justice Roderic Murphy ruled the court was not satisfied the delays in arranging the special training since Mr Skoczylas’s appointment were inordinate in any way, he said.
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