Brian Lenihan Jnr (Dublin West, Fianna Fail)

With regard to the remuneration of chief executives and board members, raised by Deputy McCormack and which is the basis of the amendment tabled by Deputy Burton, I make it clear to the House that it is my firm intention that the scheme setting out the terms and conditions for banks availing of the guarantee will deal with the issue of remuneration. It is important I am not misunderstood on this point. I am not saying I see an appropriate role for the State in interfering in the commercial decision-making of any commercial body provided that decision is subject to appropriate corporate governance.

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