Dáil Éireann Debate, Tuesday - 25 February 2014
444. Deputy John Lyons asked the Minister for Communications, Energy and Natural Resources the chief executive officers of semi-State companies under the aegis of his Department who are on Hay contracts and those who are not on Hay contracts; and if he will make a statement on the matter. [10126/14]
View answerThe remuneration of CEOs in Commercial State Bodies, had historically come within the remit of the Review Body on Higher Remuneration in the Public Sector (established in 1969). A major feature of the Review Body’s Report No. 37 (December 1996) was their recommendations for the introduction of new remuneration arrangements and the introduction of a fundamental change in the nature of the contracts for such positions.
Hay Management Consultants were commissioned to carry out the evaluation exercise and submit a report to the Minister for Finance. In July 1999 the Government approved the new approach to the determination of the remuneration of the CEO’s of Commercial State Companies. A further review, again carried out by Hay Consultants, was undertaken and implemented in 2007.
In June 2011 the Minister for Public Expenditure and Reform announced the terms of a Government Decision for the introduction of pay ceilings for higher posts across the public service and for CEO posts in Commercial State Companies.
All directions issued by the Government in relation to remuneration of CEOs in Commercial State Companies are brought to the attention of the relevant State Companies under the aegis of my Department. All contracts are concluded in line with current government pay policy as set out by the Government Decision of June 2011 and are subject to statutory approvals.
