Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

We will revisit the issue. We know from practice elsewhere that there are not unlimited options. One proposal is to provide that a person cannot do anything for six or 12 months. However, the person is then entitled to full salary for that period. All of this is covered under the gardening leave provision. Another proposal is that in respect of companies whose end is foreseeable, such as NAMA, a golden handcuff arrangement be put in place. This means an incentive to remain with the company would be built into the person's remuneration and if he or she remains beyond a certain point he or she receives an additional bonus. I am not too sure if public opinion on the markets would wear that kind of an arrangement. It is possible to put things in place. I do not wish there to be hue and cry about individuals' terms of employment and remuneration. We are trying to do the best for the organisation and the best for the country and I do not want to be ambushed on this. However, I am open to discussion on it.

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