Wednesday, 27 February 2013

Questions (91)

Michael McGrath


91. Deputy Michael McGrath asked the Minister for Finance if he intends to increase or in any other way supplement the membership and resources of the National Asset Management Agency advisory board to reflect the impending increase in assets under the control of NAMA; and if he will make a statement on the matter. [10640/13]

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Written answers (Question to Finance)

I would like to remind the Deputy that the NAMA Advisory Group has been set up to advise me in the following areas:

- The strategy of NAMA.

- The appointment of directors to NAMA.

- The remuneration of senior executives in NAMA.

- Any further advice I may seek of them.

The group operates on an informal basis and reports directly to me. Each of the members of the group has specific and significant private sector experience.

I am satisfied that the NAMA advisory board is working effectively and there are no plans to change its composition at this time.