Oireachtas Joint and Select Committees

Wednesday, 19 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB

3:40 pm

Mr. Ray MacSharry:

All directors get the same salaries we do. There is no difference between them and all directors are subject to the requirements of company law. When and if the Oireachtas changes company law, the directors will be guided by whatever it then provides. Currently, all the requirements of company law must be observed by all directors, including public interest directors. I repeat all directors get the same salary.

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