Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Richie Boucher:

My salary was approved by the Minister for Finance at the time and was voted on by the shareholders who were paying for it and that continues to be the case. Every year I stand before the shareholders to be elected as to whether I stay in my job or not and the shareholders decide what I'm paid. I don't have anything further to say on that. Going back to the remuneration model ... yes, I mean like, there were bonuses paid. I don't think the percentages you have are right because I think you may be referring to the fact that my salary was disclosed for the period I was director where was the bonus. So it would have been somewhere between 150%, I think, if we do it.