asked the Minister for Industry and Commerce the level of remuneration of the non-executive directors of boards, companies or agencies under his control which was first set; when these levels were set; if they have ever been revised in line with inflation or with the level of remunerations of non-executive directors of private sector entities of similar size and responsibilities.
Written Answers. - State Boards Members' Remuneration.
61.
The information requested by the Deputy in relation to the remuneration of non-executive directors of boards, companies or agencies under the aegis of my Department is set out in the following table. Officers of my Department currently serving as non-executive directors on these boards are not entitled to any fees.
TABLE
|
Body |
Setting of first fee |
Amount |
Present fee |
|
£ |
£ |
||
|
Córas Tráchtála |
1951 |
250 |
520 |
|
Kilkenny Design Workshops |
1977 |
400 |
400 |
|
Industrial Development Authority |
1970 |
500 |
800 |
|
Irish Goods Council |
No fees |
No fees |
|
|
Irish Steel Limited |
1947 |
150 |
720 |
|
Institute for Industrial Research & Standards |
1946 |
150 |
520 |
|
National Development Corporation |
1986 |
1,000 |
1,000 |
|
National Board for Science & Technology |
1984 |
520 |
520 |
|
Nítrigin Éireann Teo. |
1961 |
200 |
800 |
|
Shannon Free Airport Development Company Limited |
1959 |
250 |
520 |
|
Sealuchais Aireachais Teo |
— |
No fees |
No fees |
Note: There have been two general increases on the remuneration of non-executive directors. The first was in 1964 when a 25 per cent increase was given in respect of fees less than £500 p.a. subject to a ceiling of £500 p.m. The second increase was in 1974 when a 60 per cent increase was granted. This was based on the level of fees being paid to Directors in the private sector.