Dáil Éireann Debate, Tuesday - 13 November 2012
199. Deputy Pearse Doherty asked the Minister for Finance in respect of Irish Life and Permanent 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. [49482/12]
Amharc ar fhreagraAs the Deputy will be aware Margaret Hayes and Ray MacSharry were appointed to the board of Irish Life & Permanent Group Holdings (now Permanent TSB Group Holdings) on 22 December 2008. Each public interest director was appointed until 30 September 2010 but has remained since that date as a replacement Government guarantee scheme has remained in place since then. The Memorandum and Articles of Association of the company require each director to retire every third year but in practice each public interest director has been subject to re-election by shareholders at each AGM since their appointment. The Deputy will also be aware that the remuneration of each of the directors is laid out in the annual report of the company each year. The relevant annual reports are easily accessible on the company website. http://www.permanenttsbgroup.ie
The table summarises the information available from the annual reports for Irish Life & Permanent Group Holdings (now Permanent TSB Group Holdings):
Margaret Hayes:
|
Year |
Fees (rounded to the nearest €1,000) |
Directors’ Report on Remuneration |
|
2008 |
€2,000 |
Page 58 of 2008 Annual Report |
|
2009 |
€77,000 |
Page 62 of 2009 Annual Report |
|
2010 |
€64,000 |
Page 65 of 2010 Annual Report |
|
2011 |
€64,000 |
Page 64 of 2011 Annual Report |
Ray MacSharry:
|
2008 |
€2,000 |
Page 58 of 2008 Annual Report |
|
2009 |
€69,000 |
Page 62 of 2009 Annual Report |
|
2010 |
€56,000 |
Page 65 of 2010 Annual Report |
|
2011 |
€56,000 |
Page 64 of 2011 Annual Report |
