Kieran O'Donnell (Limerick East, Fine Gael)
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Question 83: To ask the Minister for Finance if the established guideline of €500,000 in salary for bank chief executive officers includes stock options, relocation expenses, other expenses, pension payments and performance related payments; the forms of remuneration that are explicitly included in the composition of the guideline; and if he will make a statement on the matter. [43465/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy is aware, the report of the Covered Institutions Remuneration Committee (CIROC) was placed before the House on 13 March 2009. The Government considers the CIROC recommendations regarding remuneration of chief executives including bonuses, pensions, long term incentive plans, which includes stock options, are appropriate but that basic salary level should be capped at €500,000 or the salary amount recommended by CIROC which ever is the lower. Any deviation from this should be in very exceptional circumstances and with my agreement.

Kieran O'Donnell (Limerick East, Fine Gael)
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Question 84: To ask the Minister for Finance if his attention has been drawn to the employment contract between a bank (details supplied) and its managing director; if he will request same in view of the State's shareholding in the bank; and if he will make a statement on the matter. [43466/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that I have intervened in the matter of the level of salary for the incoming managing director to ensure that it is in line with the CIROC recommendations and the Government's cap on basic salary of €500,000.

Martin Ferris (Kerry North, Sinn Fein)
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Question 85: To ask the Minister for Finance if persons recently appointed to the boards of banks covered by the National Asset Management Agency are paid from the Exchequer; if he will provide details of same. [43484/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Exchequer is not paying the relevant director's fees to any person in respect of their service as a board director, even where the persons concerned are nominated by me.