Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Because the spreadsheet above there would indicate that the top ten executive remuneration list were all sales-orientated or business executive management, so in that regard, why did the board not consider the need to remunerate risk and compliance executives to a similar level? I understand in football teams, to use the football analogies that Senator O'Keeffe mentioned, sometimes centre forwards get paid more than centre halfs, but you do pay both, and sometimes there's bonuses to both. Your bank would seem to be paying the centre forwards, and not giving any remuneration to the defenders.

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