Alan Kelly (Labour)

I move amendment No. 3:

In page 1, before section 2, to insert the following new section:

"1.—A committee of the National Treasury Management Agency consisting of the chairperson and chief executive of the Agency shall be established to review the remuneration of board members and senior officers and employees of institutions participating in a scheme or arrangement under this Act and shall report annually to the Joint Oireachtas Committee on Finance and the Public Service."

Amendment No. 3, which deals with remuneration review, is a good amendment and the Minister should consider it. A provision such as this is badly needed. The Minister did not accept the previous amendment, but this amendment will allow the public to be confident that the remuneration of the various executives is being considered and assessed so that the lavish payments and perks will be monitored and the issue will not be swept under the carpet, especially as the taxpayer will be underwriting these six institutions.