Dáil Éireann Debate, Thursday - 27 February 2014
79. Deputy Terence Flanagan asked the Minister for Finance if AIB and Bank of Ireland are authorised to give bonus payments to directors in the form of share options; and if he will make a statement on the matter. [10274/14]
View answerAs the Deputy will be aware this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) and the payment of bonuses in any form is not permitted. I can also confirm for the Deputy that no policy changes are planned in the area of banking remuneration.
