Dáil Éireann Debate, Tuesday - 30 January 2024
159. Deputy Neasa Hourigan asked the Minister for the Environment, Climate and Communications if he will provide a copy of the shareholder letters of expectation sent to Bord na Móna in each of the years 2020 to date. [4046/24]
Amharc ar fhreagraShareholder Letters of Expectation (SLOE) were mandated from 2016 onwards, in accordance with the 2016 Code of Practice for the Governance of State Bodies, and my Department has had SLOEs in place with Bord na Móna since then. The purpose of the SLOE is to set out the views and expectations of the relevant Ministers, as shareholders of the companies, on matters including financial performance and dividend policy. These letters also set out the importance of striking the right balance between distribution of dividends and reinvestment in the business.
Due to the commercially sensitive nature of the Shareholder Letters of Expectation, I am not in a position to release them as requested.
