Dáil Éireann Debate, Tuesday - 20 October 2020
204. Deputy Marc MacSharry asked the Minister for Finance if he will publish the criteria used to award the SBCI managing director a performance bonus in 2018 and 2019; and if he will make a statement on the matter. [31055/20]
Amharc ar fhreagra205. Deputy Marc MacSharry asked the Minister for Finance the person who authorised the payment of the performance bonus to the SBCI managing director in 2018 and 2019; and if he will make a statement on the matter. [31056/20]
Amharc ar fhreagraI propose to take Questions Nos. 204 and 205 together.
Discretionary performance-related payments are intended to reward exceptional performance having regard to the individual's own performance and the overall performance of the SBCI. The payment of a performance related payment to the Chief Executive Officer of the SBCI, Mr Nick Ashmore, is a matter determined by the SBCI Remuneration Committee, a sub-committee of the SBCI Board. This decision is made in conjunction with the SBCI Board following an annual review and discussion with the Board as to his performance.
