Oireachtas Joint and Select Committees

Tuesday, 5 November 2019

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2019: Committee Stage

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity)
Link to this: Individually | In context | Oireachtas source

I have some general questions on the KEEP. Does the Minister not agree there is a danger in incentivising key employees to be paid with share options in terms of the dynamic that it creates in the incentives for the employees? A factor cited in the crash of 2007 and 2008 was the impact of that incentive, which was not so much to achieve long-term sustainable growth, but to achieve increases in share prices in the short term. Second, am I right that the maximum benefit one can get from this in a year is €100,000 worth of share options and €250,000 worth over three years? Perhaps the Minister will provide clarity on that. What happens if one gets more than that amount of share options?