Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Public Accounts Committee

Bord na gCon - Annual Accounts 2011

12:40 pm

Mr. Phil Meaney:

I would like to come in on that point. I stated earlier that I had spent very little time in going back over what had happened before I joined the board. There were several new members and I felt it was a waste of time. The new board, the executive and I put new protocols in place. We have considerably reduced the expenses of the board. In my first year as chairman the total expenses of all board members came to €56,000. In 2012 they came to €58,000 and the projected figure for this year is between €55,000 and €56,000. I am more than happy that we have very strict protocols in place, not alone for board members but also for subsidiary board members. I personally sign off on all board members’ expenses and, in turn, the CEO signs off on mine. While I have no comment to make on what went on before then, I am more than happy that all current board members do not even claim what, in my opinion, they are entitled to.