Catherine Byrne (Dublin South Central, Fine Gael) | Oireachtas source

I do not intend to accept amendments Nos. 45 and 48 as the provisions are not required to be specific. Under the Bill, the remuneration of CEOs and allowances for the CEO and board members must ultimately be approved by the Minister for Public Expenditure and Reform. Section 10 of the Bill requires the board to keep a proper record of accounts of all incomes and expenditures of the body and the subject matters of the expenditure. This will include as standard practice details of expenses paid to individual board members and the remuneration and allowance of the CEO. The Bill also provides that the annual financial statements will be presented in such a form that the Minister may, with the consideration of the Minister for Public Expenditure and Reform, specify that the body's financial statements will be audited by the Comptroller and Auditor General and copies will be laid before each of the Houses of the Oireachtas as section 10 accounts. The Minister will specify the annual report and financial statements publication will include information regarding individual board member's expenses and the salary and expenses of the CEO.