Dáil Éireann Debate, Tuesday - 19 July 2016
188. Deputy Michael McGrath asked the Minister for Finance the current public interest of directors in the State supported banks; the dates on which they were appointed; the dates on which their term is due to end; the cumulative payments to each serving director since their appointment; and if he will make a statement on the matter. [22429/16]
View answerThere is currently one public interest director serving on the boards of the covered banks. Tom Considine was nominated to the board of Bank of Ireland in January 2009 under the terms of the Credit Institutions (Financial Support) Act, 2008. There is no specified end date for this appointment. The fees paid to Mr Considine by Bank of Ireland in 2015 is set out in the following table. Fees paid in previous years can be found in the Bank's annual statements published here - https://investorrelations.bankofireland.com/results-centre/
|
Bank |
Public Interest Director |
Date of Appointment |
Fees 2015 |
|
Bank of Ireland |
Tom Considine |
Jan 2009 |
€98,000 |
In addition Dr Michael Somers is a Government Nominee (not a Public Interest Director) appointed to the AIB board on 14 January 2010 under the terms of the NPRFC s Preference Share investment of €3.5bn in AIB of May 2009. Dr Somers was reappointed to the board of AIB in December 2015 for a further two years. The fees paid to Dr Somers by AIB in 2015 is set out in the following table and fees paid in previous years can be found in the annual statements published here -
https://investorrelations.aib.ie/financial-information/results-centre/2015
|
Bank |
Government Nominee |
Date of Appointment |
Fees 2015 |
|
AIB |
Dr Michael Somers |
Jan 2010 |
€120,000 |
