Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

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

1:15 pm

Mr. Dick Spring:

I suspect there would be a difficulty with that on grounds of confidentiality in respect of executives' pension entitlements. Most of them understand they are privileged and should make some repayment to the State. We will certainly keep the joint committee informed on that. I do not have the figures before me on bonuses paid in 2010 but I suspect they related to contractual obligations which had to be honoured on the basis of legal advice. From memory, AIB was taken to court and a ruling was made that the payments had to be made.

Comments

No comments

Log in or join to post a public comment.