Derek McDowell
Question:129 Mr. McDowell asked the Minister for Finance if he has initiated a review of the payments to members of State boards and other such bodies; and, if so when is it likely to be concluded. [10098/01]
Written Answers. - State Board Members.
As indicated to the Deputy on 13 February 2001, I am currently reviewing the level of fees for the non-executive chairpersons and directors of the boards of State bodies. This review is at an advanced stage and I expect it to be completed in the near future. On completion of this review it is my intention to bring proposals to Government.
Derek McDowell
Question:130 Mr. McDowell asked the Minister for Finance the payments which are made to each member of a State board; and the date each annual payment was last amended. [10099/01]
The chairman of ACC Bank plc receives £6,000 per annum while its directors receive £4,000 per annum. The fees were amended with effect from 1 July 1992. The chairman of the Central Bank of Ireland receives £7,500 per annum while its other directors receive £5,000 per annum. The fees were amended with effect from 1 July 1992.
Five directors on the board of An Post, the National Lottery Company, receive an annual fee of £4,000. The annual fees have not been amended since the establishment of the National Lottery Company in 1986.
With regard to the National Treasury Management Agency's advisory committee, its chairman receives £10,000 per annum and each committee member receives £5,000 per annum. The amount payable to committee members has never been revised. The payment to the chairman was amended in 1994.
The chairman of the National Pensions Reserve Fund Commission receives £45,000 per annum while its ordinary committee members receive £30,000 each per annum. Since the commission was only established with effect from 2 April 2001, the rates payable have not yet been reviewed.
With regard to the Investor Compensation Company Limited, its chairman receives £15,000 per annum, its deputy chairman receives £9,500 per annum and the other directors each receive £5,000 per annum. This board was established in 1998 and there have been no fee revisions to date.