Dáil Éireann Debate, Tuesday - 24 January 2012
170 Deputy Kevin Humphreys asked the Minister for Finance the total amount paid in remuneration and expenses to members of publicly appointed State boards in both the public and semi-State sectors in 2011; his views that savings can be made in this area; the number of persons in total who sit on these boards; and if he will make a statement on the matter. [4583/12]
View answerIn response to the Deputy's question details in respect of boards of bodies under the aegis of my Department.
State agency Funded by the Exchequer: National Treasury Management Agency (NTMA)
There are 5 Boards coming under the NMTA as outlined in the table. Please note that, in line with paragraph 3.8 of the Code of Practice for the Governance of State Bodies, attendance at meetings of the National Treasury Management Agency Advisory Committee, the State Claims Agency Policy Committee, the National Development Finance Agency Board, the National Pensions Reserve Fund Commission and the National Asset Management Agency Board is published in the relevant Annual Report of the body concerned. The amounts below are based on actual payments made in 2011.
|
Board/Body Name |
No. of board members |
Remuneration details in respect of board members and board chairpersons |
|
National Treasury Management Agency Advisory Committee |
Up to 7 Board members.Currently 1 vacancy |
Chair €50,000.Chair agreed to make a gift of 10% of 2009 remuneration to the Minister for Finance under s483 of the Taxes Consolidation Act.Ordinary Members €25,000.Members agreed to make a gift of 10% of remuneration to the Minister for Finance under s483 of the Taxes Consolidation Act from 1 January 2009.Secretary General Department of Finance receives no fee in respect of his membership.A total of €40,955 in expenses was paid to Advisory Committee members in 2011 reflecting travel and accommodation expenses incurred by non-Irish based members. |
|
National Development Finance Agency (NDFA) |
Up to 8 Board members. |
Chairman, as an ex-officio member, receives no fee.Ordinary Members €12,600 p.a.2 members (Chief Executive of the NTMA and the Chief Executive Officer of the NDFA) receive no fees in respect of their membership.No expenses were paid in 2011. |
|
National Pensions Reserve Fund Commission |
Up to 7 Board members |
Chair €51,424.Ordinary members €34,283.One member (Chief Executive of the NTMA) receives no fee in respect of his membership.A total of €836 in expenses was paid to commissioners in 2011 reflecting travel and accommodation expenses incurred by non-Irish based members. |
|
National Asset Management Agency |
Up to 9 board membersCurrently 2 vacancies |
The Chairman receives a fee of €150,000, six members receive fees of €60,000 each per annum while one member (also Chairman of the Credit Committee) receives a fee of €75,000 per annum. Each member of the NAMA Board also chairs or is a member of various NAMA Board committees. Their fees associated with these committees are included in the above.2 ex-officio members (Chief Executive of the NTMA and the Chief Executive Officer of NAMA), receive no fees in respect of their membership.A total of €48,960 in expenses was paid to board and committee members in 2011 primarily reflecting travel and accommodation expenses of a member not based in Ireland. |
|
State Claims Agency Policy Committee |
Up to 7 Board membersCurrently 2 vacancies |
Chair €13,713 p.a.Ordinary members €9,142 p.a.2 members (serving civil servants) do not receive fees in respect of their membership.No expenses were paid in 2011. |
Irish Bank Resolution Corporation There are currently 8 board members of Irish Bank Resolution Corporation Limited. Total Board fees €671,600. 2011 expenses in the amount of €1,758.21 have been incurred in respect of Directors attendance at meetings, including in some cases costs in respect for attendance via conference call. This relates to 2 board members.
An annual review is undertaken of attendance by Directors at board and board sub-committee meetings, which is published in the Bank's annual financial statements. The results of the 2010 review are published on page 29 of the 2010 Financial Statements. The results of the 2011 review will be published in the 2011 financial statements.
Central Bank Commission In 2011 some €74,815 was paid in remuneration and expenses to 5 members of the Central Bank Commission.
