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Banking Sector Remuneration

Dáil Éireann Debate, Thursday - 19 April 2018

Thursday, 19 April 2018

Ceisteanna (126)

Michael McGrath

Ceist:

126. Deputy Michael McGrath asked the Minister for Finance his plans to inform the Houses of the Oireachtas of the way in which he will vote on the proposed deferred share bonus scheme in a bank (details supplied); and if he will make a statement on the matter. [17260/18]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy is aware AIB’s annual general meeting is due to take place next Wednesday, 25th April. The bank has put forward a non-binding resolution which puts a formal executive share scheme before shareholders for their consideration. I announced today that it is my intention to carry out a review of  banking remuneration policy but as I am not announcing any change in policy at this juncture I therefore intend to vote against this resolution. 

Question No. 127 answered with Question No. 118.
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