Written answers
Thursday, 17 December 2009
Department of Communications, Energy and Natural Resources
Departmental Agencies
6:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 312: To ask the Minister for Communications, Energy and Natural Resources the remuneration package of the chief executive of An Post for each of the years 2007, 2008 and 2009; if he has legal power to instruct An Post to change the remuneration package; and if he will make a statement on the matter. [47927/09]
Eamon Ryan (Dublin South, Green Party)
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The remuneration of the Chief Executive is in the first instance a matter for the board of An Post. In 1999 the Government introduced new arrangements for determining the salaries of CEOs of Commercial State Bodies. Under these revised arrangements the Minister for Finance periodically commissions independent reviews of the remuneration of the CEOs of Commercial State Sponsored Bodies. Current levels of remuneration, including for the CEO of An Post, were set under the most recent review - known as the "Hay" Review - in 2007/2008. There is no legislative provision for the Minister to instruct the company to change the salary of an incumbent CEO.
The remuneration received in any year by the CEO of An Post is set out in the company's annual report. In 2007 and 2008 the remuneration, including bonus payment, was €523,000 and €493,000 respectively. The remuneration for 2009 is not yet available.
Michael McGrath (Cork South Central, Fianna Fail)
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Question 313: To ask the Minister for Communications, Energy and Natural Resources the remuneration package of the chief executive of the ESB for each of the years 2007, 2008 and 2009; if he has legal power to instruct the ESB to change the remuneration package; and if he will make a statement on the matter. [47928/09]
Eamon Ryan (Dublin South, Green Party)
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The remuneration of the Chief Executive is in the first instance a matter for the board of ESB. In 1999 the Government introduced new arrangements for determining the salaries of CEOs of Commercial State Bodies. Under these revised arrangements the Minister for Finance periodically commissions independent reviews of the remuneration of the CEOs of Commercial State Sponsored Bodies. Current levels of remuneration, including for the CEO of ESB, were set under the most recent review - known as the "Hay" Review - in 2007/2008. There is no legislative provision to provide for the Minister to instruct the company to change the salary of an incumbent CEO.
The remuneration received in any year by the CEO of ESB is set out in the company's annual report. In 2007 and 2008 the remuneration, including bonus payment, was €654,321 and €534,998 respectively. The remuneration for 2009 is not yet available.
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