Pearse Doherty
Ceist:190. Deputy Pearse Doherty asked the Minister for Finance the salary the new AIB chief executive officer will earn; and if he will make a statement on the matter. [3337/15]
Amharc ar fhreagraTuesday, 27 January 2015
Ceisteanna (190)
Freagraí scríofa
The recruitment process for AIB's new Chief Executive Officer has only just commenced and the appointment to this position together with the relevant terms (including remuneration) will be a matter for the Board of the bank initially and then be subject to my consent. As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration is capped at €500,000 (excluding normal pension entitlements) and variable rate pay such as bonuses are not permitted. AIB has not requested a review of the salary cap or bonus restrictions and there are no plans in train to change these restrictions.