Dáil Éireann Debate, Tuesday - 13 November 2012
191. Deputy Pearse Doherty asked the Minister for Finance in respect of Allied Irish Bank, if he will provide a listing of the public interest directors appointed to that bank since 2008; the total remuneration paid to each such director and the date on which their appointments expire. [49474/12]
Amharc ar fhreagra192. Deputy Pearse Doherty asked the Minister for Finance in respect of the Educational Building Society, if he will provide a listing of the public interest directors appointed to that bank since 2008; the total remuneration paid to each such director and the date on which their appointments expire. [49475/12]
Amharc ar fhreagraI propose to take Questions Nos. 191 and 192 together.
In relation to the public interest directors in EBS, Mr. Anthony Spollen and Ms. Ann Riordan were appointed in January 2009. However, these directors resigned from their positions on 30 June 2011, prior to the acquisition of EBS Building Society by AIB on 1 July 2011. EBS now operates as a subsidiary of AIB. In relation to the public interest directors appointed to AIB since 2008, Mr. Declan Collier and Mr. Dick Spring were appointed in January 2009. However, Mr. Declan Collier resigned from the board with effect from AIB’s AGM on 28 June 2012.
Under the terms of the Government’s 2009 preference share investment in AIB and the Bank’s articles of association, there is currently no set expiry date relating to the public interest directors at AIB.
Information regarding the remuneration of these public interest directors can be found in the table and in the published annual reports of the institutions.
|
Fee Year |
AIB Public Interest Directors* |
Fees € |
Directors’ Remuneration Report |
|
2009 |
Mr Dick Spring Mr Declan Collier |
26,000 29,000 |
From pg 262 of 2009 Annual Report |
|
2010 |
Mr Dick Spring Mr Declan Collier |
47,000 40,000 |
From pg 299 of 2010 Annual Report |
|
2011 |
Mr Dick Spring Mr Declan Collier |
59,000 71,000 |
From pg 380 of 2011 Annual Report |
Note 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 NPRFC’s investment of €3.5bn in AIB of May 2009.
|
Fee Year |
EBS Public Interest Directors |
Fees € |
Directors’ Remuneration Report |
|
2009 |
Mr Anthony Spollen Ms Ann Riordan |
37,500 37,500 |
From pg 23 of 2009 Annual Report |
|
2010 |
Mr Anthony Spollen Ms Ann Riordan |
29,000 29,000 |
From pg 24 of 2010 Annual Report |
|
2011 |
Mr Anthony Spollen Ms Ann Riordan |
14,500 15,600 |
From pg 138 of 2011 Annual Report |
