asked the Minister for Energy 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 remuneration of non-executive directors of private sector entities of similar size and responsibilities.
Written Answers. - State Board Members' Remuneration.
72.
The standard levels of remuneration of the ordinary non-executive directors of boards, companies or agencies under the control of my Department are as follows:
|
Body |
Level of remuneration |
Year in which levels were first set |
Present level of remuneration |
|
£ |
£ |
||
|
Bord Gáis Éireann |
600 |
1976 |
600 |
|
Bord na Móna |
150 |
1946 |
800 |
|
Electricity Supply Board |
300 |
1927 |
800 |
|
Irish National Petroleum Corporation |
800 |
1980 |
800 |
|
Nuclear Energy Board |
Nil |
— |
— |
|
Mining Board |
Nil |
— |
— |
The last two occasions on which there were general revisions in the above fees was in 1964 and 1974. In 1964 all fees under £500 per annum were increased by 25 per cent subject to the increased fees not exceeding £500. In 1974, there was a 60 per cent increase, based on movements in the fees of private sector directors. There have been no increases since 1974.
No remuneration is paid to some directors who are civil servants and the Irish National Petroleum Corporation has one non-resident specially qualified director who is paid at a higher level.