The Department of Finance has this afternoon published the notice below, available here.
It is five months since Peter Stewart resigned from the NAMA board, suggesting at the time that NAMA had arrived at a watershed. It is three months since Michael Connolly suddenly resigned, without issuing a statement and receiving the standard thanks and good luck message from NAMA. These two resignations left the 9-member NAMA board with a complement of seven. It is curious that it has taken so long for the Minister to advertise for the roles and given a closing date of 6th March, 2012, a selection process and a possible notice period, it might be many months before the NAMA board is back to full-strength, which seems a little discourteous to NAMA and highlights the political interference in the operation of the Agency.
The notice is pretty threadbare with detail. For information, the NAMA Annual Report for 2010 showed that the standard fees payable for board membership were €57,641 but Michael Connolly received €146,374 because he was also “Chairperson of the Credit Committee”. It’s not clear how many recruits are sought, presumably two, as that is what is specified by the NAMA Act, which also sets out conditions attaching to Board membership in section 18 onwards.
Remember there is a separate NAMA advisory group about which there has been no official announcement though it is understood the members have been appointed (without advertisement).
NAMA Wine Lake 
Who_shot_the _tiger for chairman, He knows more about Nama than the current Nama board. He is a shoe in for the top job.
Funny old country this; Piotr Skoczylas was elected by ILPGH shareholders to its board in July 2011 and his board appointment has still not taken place. He is going to the high court on Monday 27th Feb. to see if can get the court to expedite his appointment as a director. I assume getting on the NAMA board would be even more difficult unless your one of the chosen.
It might be worth an able citizen’s time to apply for a position on the Board of NAMA. Then when you’re not appointed you’d be within you rights to do an FoI on the process to establish why you were deemed unworthy.
Careful now; That’s confidential!
Careful about submitting any applications NWL. Since the jobs are probably already promised elsewhere, this may be a honeypot to uncover a few netizen thorns in Nama’s side.
@OMF, thanks but if the films of Errol Flynn have taught us anything, it is that you shouldn’t turn up at an archery tournament disguised in a cowl, split the arrow in the bullseye and not expect to be unmasked as Robin Hood!
The most telling sentence is that “The Minister may appoint Members from outside the expressions of interest received in response to this advertisement.”
In other words – “Don’t waste your time. These vacancies are already filled.”
All notices soliciting the interest of the good and the great in positions on State boards carry this line.
@ WSTT
Spot on! Nobody will be appointed who might rock the boat. The appointments have already been decided or will be appointed from a coterie of approved insiders.
@ NWL
I think you’re safe enough applying for these jobs. You won’t get one of them (for reasons above) but, given that many readers of this blog – on the basis of your pseudonym on the Irisheconomy.ie website – think that you are of Indian extraction, your Irish visage might throw the interview board! Personally, based on your usage of Irish idioms, Irish turns-of-phrase, and linguistic inventiveness in your postings (with all due apologies to denizens of the Indian sub-continent who may exhibit these characteristics), I think you are about as Indian as Peig Sayers.
@Bun
That’s really funny. Even after ignoring the pseudonym, I had decided at a very early stage that NWL was Indian. There was something about his (her?) precise expressions and desire for accuracy in use of the Queen’s English which made me think that. Gradually, I realised that he must be Irish, for the reasons you state, albeit with a bit of Indian blood. I suppose all will be revealed when Nama eventually winds up (but not in my lifetime).
@ Brian Flanagan
NWL is definitely a man. My tuppence worth on women (Mrs B is safely in bed!) is that they accept the world ‘as is’ while only men want to analyse it or change it.
Unfortunately you may be right in that NWL may only be unmasked when NAMA winds up. And who knows when that might be. I think NAMA employees can plan on a long career in that organisation which has huge scope for mission creep in the years ahead.
you should look up ‘the suffragettes’ and others, (Marie Curie, Florence Nightingale…)
Once you see the “interview Comity of three” you should know that there is already a name on the post and you are wasting your time.