Dáil Éireann Debate, Tuesday - 3 May 2011
80 Deputy Niall Collins asked the Minister for Finance if he plans to reduce salaries in semi-State companies following a review into the matter; and if he will do so prior to the sale of any State company. [9697/11]
View answerThe agreement of both the relevant Minister and the Minister for Finance is, under various statutes, required in relation to the remuneration of CEOs of Commercial State companies. There are no such statutory provisions in relation to the remuneration of other staff. The current arrangement for setting the remuneration of these CEO posts is based on comparative analysis with posts in the private sector — the last such review took place in 2007. I understand that my colleague, Minister Howlin, intends to give further consideration as to how best to effect reductions in the remuneration of CEOs of Commercial State Companies — while acknowledging that there may be contractual issues in relation to current incumbents — and to bring proposals on the matter to Government shortly.
