Dáil Éireann Debate, Tuesday - 20 November 2012
206. Deputy Michael McGrath asked the Minister for Finance if he will provide in detail the remuneration package paid including salary, benefits, pension, bonus and incentives, including the potential to establish a bonus and or incentive scheme, and any other non-standard benefits or allowances for the new chief risk officer of Irish Bank Resolution Corporation and if he will confirm when he approved the package. [51231/12]
View answerThe annual report & accounts of IBRC outlines in detail the remuneration of its individual directors and the aggregate compensation details of its key management personnel. Mr Kevin Blake, in his capacity as the Bank’s CRO, is included in key management personnel and therefore details of his individual remuneration package are not disclosed. I have been advised by IBRC that there are no bonus or incentive payments/schemes in place for any of the directors, key management personnel or staff of the Bank. The package was approved on the 11th June as required under the Relationship Framework.
