Dáil Éireann Debate, Tuesday - 13 November 2012
194. Deputy Pearse Doherty asked the Minister for Finance in respect of Irish Nationwide Building Society, if he will provide a listing of the public interest directors appointed to that bank since 2008; the total remuneration paid to each such director and the date on which their appointments expire. [49477/12]
View answerI have been advised by IBRC that the following public interest directors were appointed under the terms of the Government Guarantee scheme to the Board of Irish Nationwide Building Society, both of whom have resigned from the Board at this stage.
|
Director |
Date of Appointments |
Date of Resignation |
|
Adrian Kearns |
23 January 2009 |
30 June 2011 |
|
Rory O’Ferrall |
23 January 2009 |
30 June 2011 |
Total remuneration for the respective Directors in the period from appointment to June 2011 is outlined in the table.
|
Director |
12 months ended December 2009 (€’000) |
12 months ended December 2010 (€’000) |
6 months ended June 2011 (€’000) |
|
Adrian Kearns |
55 |
36 |
18 |
|
Rory O’Ferrall |
55 |
36 |
18 |
Since nationalisation there are no specific public interest directors on the board of IBRC. However all appointments to the board of the bank are approved by the Minister for Finance under the terms and conditions attaching to the nationalisation of the bank. The Minister for Finance has extensive powers in relation to the appointment and removal of Chairpersons, CEOs and Ordinary Board Members under the Anglo Irish Bank Act 2009.
