Dáil Éireann díospóireacht -
Tuesday, 15 Dec 1987

Vol. 376 No. 9

Written Answers. - Members of State Bodies.

66.

Mr. Stagg

asked the Minister for Finance (a) the names and addresses of all persons appointed to the boards of semi-State companies operating under his Department for each year between 1983 and 1987 inclusive (b) the remuneration paid to each person so appointed for each year between 1983 and 1987 inclusive and (c) the total cost of such remuneration for each year between 1983 and 1987 inclusive.

67.

Mr. Molloy

asked the Minister for Finance if he will give details of the membership of each semi-State and Statesponsored body under his aegis giving the names, period of appointment and remuneration to date including all expenses paid and any other payment including foreign travel.

Minister for Finance (Mr. MacSharry)

I propose to take Questions Nos. 66 and 67 together. The bodies under the aegis of my Department are: Agricultural Credit Corporation plc, Industrial Credit Corporation plc, Fóir Teoranta, Central Bank of Ireland and Irish Life Assurance plc. The position in respect of each of these is as set out below. The address of any of the above State bodies may also be taken as that of the directors. The remuneration, except fees, paid to directors is a day to day matter for the bodies in question, and I have no function in this area. The annual fees payable to chairman and to directors are as detailed below.

1. Agricultural Credit Corporation plc.

Address: ACC House, Upper Hatch Street, Dublin 2.

Appointments in the period 1983-87 (excluding reappointments)

Date	Name
1983	Mr. B. Brady
1985	Mr. J. Fitzpatrick
1986	Mr. J. O'Reilly

Current Board Members

Name	Period of appointment
Mr. M. Collins	1985-1989
	(reappointment)
Mr. M. Hanrahan	1987-1990
	(reappointment)
Mr. B. Brady*	1987-1991
	(reappointment)
Mr. J. Fitzpatrick	1986-1988
	(first appointment)
Mr. J. O'Reilly	1986-1989
	(first appointment)

Annual Remuneration: Chairman, £1,500; Director, £800.

* No fee payable.

Central Bank

Address: Dame Street, Dublin 2

Appointments in the period 1983-87

Date	Name
1983	Mr. S.F. McHenry
1983	Mr. V.A. Ferguson
1985	Mr. S. O'Connor
1985	Mr. L. St. John Devlin
1986	Mr. B. Somers
1987	Mr. S.P. Cromien
1987	Mr. M.F. Doyle, Governor (Previously an ordinary board member)

Current Board Members

Name	Period of Appointment
Mr. M.F. Doyle* (Governor)	1987-94
Mr. S.P. Cromien* (Service Director)	1987 — at the pleasure of the Minister for Finance
Dr. I. Morrison	1987-92
	(reappointment)
Mr. L. St. John Devlin	1985-90
Dr. D.F. McAleese	1986-91
	(reappointment)
Mr. V.A. Ferguson	1983-88
Mr. J.F. McHenry	1983-88
Mr. S. O'Connor	1985-90
	(reappointment)
Mr. B. Somers	1986-91

Annual Remuneration: Director, £1,200

* Neither the Governor nor the Service Director receives a fee in respect of his board membership.

Industrial Credit Corporation plc

Address: 32-34 Harcourt Street, Dublin 2

(1) Appointments 1983-1987 (excluding reappointments or appointments of Directors as Chairman)

Year	Appointments
1983	Mr. M. Neville*
	Mr. L. O'Donnell
1984	Mr. P. White
	Mr. N. Holland*
1985	Mr. M. Honan
	Mr. P. Molloy*
1986	—
1987	Mr. V. Daly

(2) Current Board Members	Term of Appointment
Nominated—
Mr. J.T. Barton	1984-1988
	(reappointment)
Mr. F.A. Casey	Not subject to rotation- retirement rule as he is Managing Director
Mr. M. Honan	1985-1989
Mr. L. O'Donnell	1987-1990
	(reappointment)
Mr. P. Molloy*	1987-1991
	(reappointment)
Elected—
Mr. P. White*	1984-1988
Mr. J.H.D. Ryan	1985-1986
	(reappointment)
Mr. N. Holland	1986-1990
Mr. V. Daly	1987-1991

Remuneration: Chairman: £1,500 p.a.; Directors: £800 p.a.

* No fees is payable to Public Sector representatives.

Notes:

(1) The Industrial Credit (Amendment) Act, 1983 provided, inter alia, for an increase in the maximum number of ICC Directors from seven to nine. In 1983, the number of Directors on the Board was increased to 8. In 1984, this was increased to 9.

(2) The longest-serving "nominated" Director and the longest-serving "elected" Director retire at the AGM each year.

Fóir Teoranta

(1) Appointments 1983-1987 (excluding reappointment or appointment of Directors as Chairman)

Year	Appointments
1983	—
1984	Mr. P. Furlong*
	Mr. W. Mathews*
	Mr. K. McGuinness
1985	Mr. P.A. Howard*
	Mr. D. Austin
	Mr. G. Sparks
1986	Mr. J. Carey
1987	Mr. J.A. Kerrigan

(2) Current Board

Members	Period of Appointment
Mr. O. Kealy Chairman	1986-1990
Mr. P. Mulcahy	1984-1988
	(reappointment)
Mr. P.A. Howard*	1984-1988
Mr. D. Austin	1985-1989
Mr. G. Sparks	1985-1989
Mr. J. Carey	1986-1990
Mr. J.A. Kerrigan	1987-1991
Mr. W. Mathews*	1987-1991
	(reappointment)
Mr. K. McGuinness	Not subject to rotation- retirement rule as he is Managing Director

Remuneration: Chairman, £1,500 p.a.; Directors, £800 p.a.

* Excluding Civil Service representatives

Notes:

(1) The Fóir Teoranta (Amendment) Act, 1983, provided, inter alia, for an increase in the maximum number of Directors from 7 to 9. This took practical effect in Fóir's case from the 1984 AGM of the company.

(2) The two longest-serving Directors, apart from the Managing Director, retire at each AGM.

Irish Life

Address: Irish Life Assurance plc., Irish Life Centre, Lower Abbey Street, Dublin 1.

Appointments in the period 1983-87 (excluding reappointments)

1983	Mr. T.D. Kingston co-opted in 1983; elected to Board 1984
1983	Mr. B. Joyce
1986	Mr. G.P.C. Thompson
1987	Mr. P. Kenny
1987	Mr. R. Howlin

Current Board Members

Name	Period of Appointment
Mr. T.D. Kingston(Managing Director)	Not subject to Rotation Retirement Rule; 1984
Mr. J.P. Reihill	1984-1988
(Chairman)	(reappointed)
Mr. R. Dennis	1985-1989
	(reappointed)
Mr. P. Kenny	1987-1991
Mr. R. Howlin	1987-1991
Mr. P. Kilroy	1986-1990
	(reappointment)
Mr. J. McCarrick	1985-1989
	(reappointment)
Mr. R.P. Willis	1984-1986
	(reappointment)
Mr. G.P.C. Thompson	1986-1990

Annual Remuneration: Chairman, £1,280; Directors £800.

Note:

The two longest serving directors (excluding the chairman) retire at each AGM.