Dáil Éireann Debate, Tuesday - 13 June 2023
415. Deputy Eoin Ó Broin asked the Minister for Public Expenditure, National Development Plan Delivery and Reform to outline what parliamentary oversight processes there are for the collection and allocation of revenue from dividends from commercial State bodies, such as the ESB, which are taken for the benefit of the Exchequer but not paid into the Exchequer. [27756/23]
View answerIt is Government policy that commercial State companies should pay a dividend to the State. NewERA, in conjunction with the relevant Government Departments, has developed a Shareholder Expectations Framework which is intended to provide clarity and guidance for each of the companies within its remit in relation to the Government's strategic priorities, policy objectives, and financial performance and reporting requirements. One of the key areas addressed as part of this shareholder expectations framework is dividend policy which seeks to strike an appropriate balance between the payment of dividends and re-investment in the business. The dividend policy in respect of each individual commercial State company, including the ESB, is a matter in the first instance for their parent Government Department.
