Skip to main content
Normal View

Appointments to State Boards

Dáil Éireann Debate, Tuesday - 23 October 2012

Tuesday, 23 October 2012

Questions (141, 142)

Gerry Adams

Question:

141. Deputy Gerry Adams asked the Minister for Finance if he will provide in tabular form all appointments to State boards under his ambit since the Government took office; when the person was appointed; if the position entitles the holder to remuneration and if so the amount in each case; if the appointment was made in accordance with new procedures whereby Departments has to invite expressions of interest from the public in vacancies on the boards under their aegis. [45804/12]

View answer

Gerry Adams

Question:

142. Deputy Gerry Adams asked the Minister for Finance the number of chairs of State boards that have been appointed since the Government came into office; if there is a remuneration for the position and if so the amount of same; if the appointee was required to go before Oireachtas Committees to discuss what they have to offer to the particular Board or Committee to which they are being appointed. [45820/12]

View answer

Written answers

I propose to take Questions Nos. 141 and 142 together.

The details requested by the Deputy are contained in the following tables.

Disabled Drivers Medical Board of Appeal

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Dr Angela McNamara

07 Nov 2011

Dr McNamara was reappointed to the Board

Dr McNamara is entitled to a session rate of €607.20 when attending each appeal Board sitting.

Fiscal Advisory Council

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Professor John McHale (Chair)

Mr. Sebastian Barnes

Professor Alan Barrett

Dr. Donal Donovan,

Dr Roisin O’Sullivan

All appointed with effect from 7th July 2011

The Chairman and the Council members did not undergo interview by Oireachtas Committee. However, the Fiscal Council have appeared before the Joint Oireachtas Committee on three occasions, on 17 November 2011, 26 April 2012 and most recently 27 September 2012 to discuss their fiscal assessment reports. Chairman McHale also appeared before the Joint Oireachtas Committee by himself on 02 February 2012. The Fiscal Responsibility Bill provides, in Schedule 11, for the right of a Dáil Éireann Committee to request the Chairman to come before Dáil Éireann.

In the first half of 2012, an annual stipend of €5,000 (pro-rata) was payable to Members unless they were employed in the Irish public sector.

With effect from 1 July 2012, the fees payable to Council Members are based on those payable to Directors of Category 2 Non-Commercial State-Sponsored Bodies, which are set from time to time by the Dept. of Public Expenditure and Reform. The relevant fees are €20,520 for the Chair and €11,970 for Members. The fees, which are being paid on a pro-rata basis in 2012, are payable to the employer of the Chair or Members if the employer comes within the Irish public sector or is an international organization of which Ireland is a Member and whose budget it contributes to. This applies in relation to Prof. McHale, Mr Barnes and Prof. Barrett.

* The Department did not seek expression of interest. The composition of a body such as a Fiscal Council is critical to its independence and credibility. In following the Common Principles recommendations, we sought candidates who hold valuable experience and demonstrate competence in their fields of expertise. A significant number of potential candidates were considered against a range of criteria. The criteria included the desire of having a mix of appropriate backgrounds, namely academia, the financial sector/financial markets and public finance; expertise in macroeconomic/microeconomic and a strong international dimension, in addition to the need to take gender considerations into account. As would be normal practice, the process by which potential nominees were identified, considered and selected involved officials from my Department. The final decisions regarding the appointments were made by me following consultations with Cabinet colleagues and others.

Board of National Asset Management Agency

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr. John Mulcahy

Appointed 12 Mar 2012

He was not appointed under the new procedures for board appointments. His appointment was a National Asset Management Agency Executive Appointment. Mr Mulcahy is head of Asset Management within the National Asset Management Agency.

Mr Mulcahy does not receive a fee in respect of his role as a board member.

National Treasury Management Agency Advisory Committee

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr John Moran

06 Mar 2012

Post was not advertised because it has been the norm to appoint the Secretary General of the Department of Finance to the Advisory Committee since the establishment of the National Treasury Management Agency.

Mr Moran receives no fee in respect of his appointment as an ordinary member

National Pensions Reserve Fund Commission

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr Maurice Keane

Appointed 05 Feb 2012

Post was not advertised as it was a

reappointment.

Annual remuneration of €34,283 as a member of the National Pension Reserve Fund Commission

State Claims Agency Policy Advisory Committee

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Dr. Noel Whelan

Jul 2012

Mr. Fachtna Murphy

Jul 2012

Ms.Wendy Thompson

Jul 2012

Mr. Charlie Hardy

Jul 2012

Dr. Whelan was reappointed as Chairperson. He has not appeared before the relevant Joint Oireachtas Committee.

The Four Vacancies filled in July 2012 were advertised on the websites of the Departments of Finance and Public Expenditure and Reform.

Annual remuneration of €13,713 as chairperson.

Annual remuneration of €9142.12 as an ordinary member of the advisory committee.

Ms Thompson has waived her rights to a fee as an ordinary member for this coming year.

Mr Hardy is a civil servant and receives no fee in respect of his appointment as an ordinary member

National Development Finance Agency

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr Robert Watt

(Secretary General of Public Expenditure and Reform)

Mr Gerry Murphy

Petrina Smyth

The three vacancies filled in July 2012 were advertised

Mr Watt receives no fee in respect of his appointment as an ordinary member

Annual remuneration of €12,600 as an ordinary member. Mr Murphy has waived this fee

Annual remuneration of €12,600

Irish Bank Resolution Company (IBRC)

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr Oliver Ellingham*

Appointed 14 Oct 2011

Mr Roger McGreal*

Appointed 15 Nov 2011

Mr. Maurice Horan

Appointed 9th August 2012

Mr. Alan Ridgway

Appointed 9th August 2012

Mr. Alan Dukes

Re-appointed Chairman 29th August 2012

All appointments to the Board of IBRC are subject to the prior approval of the Minister for Finance in accordance with the provisions of the Relationship Framework and the Central Bank of Ireland in accordance with the relevant regulatory requirements. The most recent appointments of Mr. Horan and Mr. Ridgway as Non-Executive Directors were made following consultation with the Minister for Finance and in accordance with the new procedures whereby Departments have to invite expressions of interest from the public in vacancies on the boards under the aegis.

The Board of IBRC has agreed that the annual fees payable to Non-Executive Directors should be reduced by 15% per individual, from €73,600 to €62,560, effective from 1st July 2012.

The Board of IBRC has agreed that the annual fee payable for the position of Chairman of the Board should be reduced by 15% to €212,500 effective from 1st July 2012. The Chairman had previously agreed to take an annual fee which was €100,000 lower than the agreed contractual fee. Following this additional 15% reduction, the Chairman will now receive an annual fee of €112,500 effective from 1st July 2012.

Credit Union Restructuring Board (ReBo)

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr. Bobby McVeigh

Appointed Chair of Board on 31 Aug 2012

Members of the Board appointed 31 Aug 2012:

Mr. Eoin McGettigan

Mr. Tom Kavanagh

Mr. Brendan Burke

Ms Kathleen Prendergast

Mr. Stephen O’Donovan

Mr. Joe O’Toole

Mr. Pat Fay

Mr. Jimmy Johnstone

Mr. Tim Molan

Mr. Kevin Johnson

Mr. Neil Ryan (Dept of Finance)

Ms Elaine Byrne (Central Bank of Ireland)

Chair was not required to go before Oireachtas Committees.

On 22 May 2012, the Minister for Finance gave his approval to proceed with the process of establishing the Credit Union Restructuring Board (ReBo). The ReBo comprises 13 members in total with nominations from the credit union representative bodies, the Central Bank of Ireland and the Department of Finance as well as six independent members (including a Chair).

The vacancies for independent members were advertised on the websites of the Department of Finance and the Public Appointments Service,

where expressions of interest were invited from the public.

€11,970 p.a for Chair

€7,695 p.a for

Members, with the exception of Neil Ryan (Dept Of Finance) and Elaine Byrne (Central Bank of Ireland), who don’t receive a fee.

Irish Financial Services Appeals Tribunal

Name of appointee/ Date of appointment or reappointment

Details

Remuneration received as Board member or Chairperson

Mr Justice Francis D Murphy

all appointed 27th Feb 2012

Ms Inge Clissman

Ms Paulyn Marrinan-Quinn

Ms Geraldine Clarke

Mr John Fish

Mr Liam Madden

Mr John Loughery

Mr Justice Murphy was reappointed as Chairperson of the Tribunal for a period of one year under Section 57F of the Central Bank Act 1942 as amended by the Central Bank and Financial Services Authority of Ireland Act 2003.

Ms Clissman, the Deputy Chairperson, was reappointed to the Tribunal for a period of one year under Section 57F of the Central Bank Act 1942 as amended by the Central Bank and Financial Services Authority of Ireland Act 2003.

Ms Marrinan-Quinn and the other four Lay Members listed below were reappointed to the Tribunal for a period of one year under Section 57F of the Central Bank Act 1942 as amended by the Central Bank and Financial Services Authority of Ireland Act 2003.

all lay members

€584 per diem

€450 per diem

each of the lay members receives

€416 per diem

Top
Share