Written answers

Wednesday, 5 May 2010

Department of Finance

Ministerial Appointments

9:00 pm

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael)
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Question 119: To ask the Minister for Finance the details of any former Government office holder appointed by him in the past ten years to any position; the details of such appointment to include position taken, name of organisation, salary or income derived or expenses claimed per annum, any other additional benefits including car provided, travel costs per annum, terms of office and so on; and if he will make a statement on the matter. [17698/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I have not had a trawl completed of every short-term committee, working group, etc. to which a former Minister, Minster of State or Attorney General might have been appointed over the past ten years. However, such appointments would be very rare.

However, a number of such appointments have recently been made in the context of Section 32 of the Credit Institutions (Financial Support) Act 2008. This section provides that, in order to promote the public interest, a covered institution shall, at the direction of the Minister, take all reasonable steps to appoint at least one but no more than two non-executive directors to its board from a panel approved by the Minister.

The following former office-holders were appointed, from a panel approved by the Minister, to the Boards by the covered institutions and received the following fees from those institutions:

Name Bank Fee paid in 2009

Joe Walsh Bank of Ireland €80,000

Dick Spring Allied Irish Banks €26,000

Ray MacSharry ILP €69,000

Benefits, including travel costs are a matter for the board on which the director serves.

Alan Dukes' annual fee as Non executive director of Anglo-Irish Bank is €73,600. As chairman of 2 board committees he receives 2 further fees of €12,880 on top of his basic fee. Mr Dukes is chairman-designate of the Bank. While I have approved a fee of €250,000 for the role of Chairman, Mr Dukes has elected to receive a reduced fee of €150,000 on his appointment to that role, with the amount waived being more or less equivalent to his Dáil and Ministerial pension.

Mr Dukes has not been paid any expenses to date and is not entitled to any other benefits.

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