Dáil Éireann Debate, Wednesday - 7 November 2012
51. Deputy Pearse Doherty asked the Minister for Finance if he will quantify the number of persons who will comprise the board of the first qualified investor fund to be operated by the National Asset Management Agency and the way these persons will be selected for board membership and the remuneration that will attach to such positions.; and if he will make a statement on the matter. [48914/12]
View answerI am advised that regulatory requirements stipulate that the Board must comprise a minimum of three suitably qualified directors. The National Asset Management Agency proposes to nominate one director. It is envisaged that the investment manager to the QIF will appoint one director and subsequent directors will be appointed by the QIF once it has been incorporated. The remuneration of persons appointed to the Board of the QIF will be determined by the Board once constituted.
