Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Tomás O'Midheach:
The Senator referred to personal awards. There is a set of rules by which we gather the money and pay that. No such set-up rules exist. There is no mechanism currently. That does not exist. We are quite happy to calculate the amount because it would be clearly determined as a result of the quantum whether we withhold it or not. If we withheld it, we could clearly calculate it. Then, we can engage on any mechanism, set of rules or principles after that. I am not saying that we will not, but there is no set of rules. In the example the Senator gave, there is a clear set of rules, and established precedent.
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