Dáil Éireann Debate, Tuesday - 23 April 2013
234. Deputy Shane Ross asked the Minister for Finance further to Parliamentary Question No. 336 of 16 April 2013, the way he has cast his vote for each of the resolutions individually due for decision at the Bank of Ireland AGM on 24 April 2013; if he has not yet cast his vote, the way he intends to cast it; and if he will make a statement on the matter. [18747/13]
View answerThe Deputy may be aware that I have recently written to Bank of Ireland, along with the other domestic Banks that have received State investment, instructing them to respond by the end of April outlining their strategy to deliver savings of 6%-10% of total remuneration costs. I do not consider it appropriate to endorse the Director’s Remuneration at Bank of Ireland in advance of receiving this response. I have decided, therefore, to abstain from voting on Resolution 2 – Consider the Report on Directors’ Remuneration. I can confirm for the Deputy that I have voted in favour of each of the other Resolutions.
