Results 5,101-5,120 of 19,445 for speaker:Brian Cowen

Leaders' Questions. (18 Nov 2009)

Brian Cowen: I do not have the figure sought by the Deputy in his last question; that is a matter to be taken up with the Minister for Finance in a parliamentary question. The cap we introduced was in respect of the appointment of new personnel to the position of CEO or other senior positions. There was no proposal from the Minister for Finance in which the Government was asked to approve a salary...

Leaders' Questions. (18 Nov 2009)

Brian Cowen: Deputy Gilmore would know an awful lot more about the old guard than I would.

Leaders' Questions. (18 Nov 2009)

Brian Cowen: I will answer the question. Regarding the arrangements put in place at Allied Irish Banks, with the agreement of the Minister for Finance, Mr. Dan O'Connor, currently non-executive chairman, is to take on the role of executive chairman on a temporary basis in order to oversee the bank's work on the completion of the key task of capital raising, the implementation of NAMA and the EU...

Leaders' Questions. (18 Nov 2009)

Brian Cowen: Mr. Doherty will be responsible for the day to day running of the bank and has agreed to take up his new role for a salary of €500,000.

Leaders' Questions. (18 Nov 2009)

Brian Cowen: In addition, the AIB group chief executive, Mr. Eugene Sheehy, is to retire on 30 November.

Leaders' Questions. (18 Nov 2009)

Brian Cowen: These appointments are part of a wider series of management changes with the emphasis on attracting new external talent. This will deliver the vital combination of internal and external experience and perspective necessary to ensure-----

Leaders' Questions. (18 Nov 2009)

Brian Cowen: -----that AIB's culture, structure and management team is ideally equipped to lead the bank through this critical period.

Leaders' Questions. (18 Nov 2009)

Brian Cowen: These include Dr. Michael Somers, the chief executive of the National Treasury Management Agency, who will be appointed to the AIB board as deputy chairman. He will also chair the AIB board risk committee. Dr. Somers will take up his new post on completion of the regulatory-----

Leaders' Questions. (18 Nov 2009)

Brian Cowen: Mr. David Pritchard, currently AIB deputy chairman, is to step down from that post. The board wishes to express its thanks to him. He will retain the role of senior independent director.

Leaders' Questions. (18 Nov 2009)

Brian Cowen: The key executive functions of group finance director and group chief-----

Leaders' Questions. (18 Nov 2009)

Brian Cowen: I am bringing to the attention of the House-----

Leaders' Questions. (18 Nov 2009)

Brian Cowen: -----what is going on here. Decisions have been taken, internal and external appointments will be made. Deputies seem not to want to hear what decisions have been made. The roles of group finance director and group chief risk officer will be filled by external appointment. All of this is happening on the basis that the Government is insisting the bank proceeds in this manner. We have the...

Leaders' Questions. (18 Nov 2009)

Brian Cowen: We proceed in this way. What is most important, apart from all of this, is the fact we need to restructure our banking system. We are also ensuring the guarantee is paid for on an ongoing basis.

Ministerial Appointments. (18 Nov 2009)

Brian Cowen: I propose to take Questions Nos. 1 and 2 together. The information sought by the Deputies concerning appointments made by me to State boards and agencies under the aegis of my Department since May 2008 to date is set out in a schedule. Additional material not supplied on the floor of the House. The following appointments were made by the Taoiseach from May 2008 to date: National Economic and...

Ministerial Appointments. (18 Nov 2009)

Brian Cowen: Many people are available for public service who have served on State boards with much distinction. We must look always to obtain people who have the talent and expertise to do the job and ensure we have a good cross section of people who are not only technocratically capable to deal with issues but also have a broader public service experience. Appointments should be made on the basis of...

Ministerial Appointments. (18 Nov 2009)

Brian Cowen: It depends. I would not make a general rule about but it is important we acknowledge that boards act independently and have certain fiduciary book duties. Too often I find this issue comes to the House or to a committee and, unfortunately, can become very politicised. I do not know the reason for this. We should be in the business of encouraging people to make themselves available for...

Written Answers — Innovation Fund Ireland: Innovation Fund Ireland (17 Nov 2009)

Brian Cowen: Introduction of 'Innovation Fund Ireland' is a commitment of Building Ireland's Smart Economy - A Framework for Sustainable Economic Renewal and the Renewed Programme for Government. It aims to ensure greater availability of venture capital to help achieve our vision for transforming Ireland into the innovation and commercialisation hub of Europe by supporting innovative SMEs and help scale...

Written Answers — Departmental Reports: Departmental Reports (17 Nov 2009)

Brian Cowen: The NESF has commissioned and published 34 Reports from 2000 to-date in 2009 and they are listed in the table below. Copies of reports are available in the Oireachtas Library as each NESF Report is laid before both Houses of the Oireachtas and further details are also available from the NESF website (www.nesf.ie). My function in respect of the NESF Reports is to present them to Government...

Pre-budget Outlook: Statements (17 Nov 2009)

Brian Cowen: I am glad to have an opportunity to contribute to this debate, albeit for just ten minutes. The Minister for Finance has set out as per the pre-budget outlook the basic parameters within which we must operate. The narrative being suggested here is that nothing has been happening since this Administration took over which is at variance with the facts. We have taken corrective measures. In...

Pre-budget Outlook: Statements (17 Nov 2009)

Brian Cowen: When they talk about the need to avoid a bubble, we all know their policies meant exactly that in the last election. The important point is about correcting our public finances. It is also about regaining competitiveness in our economy and maintaining and creating jobs. The Government will examine all areas whether it be the tourism sector or the construction sector particularly after the...