Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 347: To ask the Minister for Agriculture, Fisheries and Food the details of the remuneration package of the chief executive of Coillte for each of the years 2007, 2008 and 2009; if he has legal power to instruct Coillte to change the remuneration package; and if he will make a statement on the matter. [47926/09]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
Link to this: Individually | In context

Coillte was established pursuant to the Forestry Act of 1988. Section 35 (6) of the Act refers to the manner in which the Chief Executive Officer of Coillte shall hold office, including reference to terms and conditions. The existing employment relationship between Coillte Teoranta and its Chief Executive Officer is however governed by a contract of employment made between the two parties.

The basic salary of the Chief Executive is reviewed annually by the board of Coillte and any changes to those existing terms, is subject to the approval of the Ministers for Finance and Agriculture, Fisheries and Food. The table below sets out the total remuneration package of the Coillte Chief Executive 2007 - 2009

Bonus payments have been made one year in arrears.

P J Sheehan (Cork South West, Fine Gael)
Link to this: Individually | In context

Question 348: To ask the Minister for Agriculture, Fisheries and Food if he approved temporary loans for Coillte; the date these loans were sought; the date they were approved by him; the amount of each loan; the dates these loans were drawn down; the date the loans were cleared; the total borrowing of a temporary nature on the date that each of these loans were drawn down; and if he will make a statement on the matter. [47939/09]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
Link to this: Individually | In context

Under Section 24 (2) of the Forestry Act 1988, Coillte may borrow money temporarily with my approval and the consent of the Minister for Finance. The approval granted under Section 24 (2) was not in relation to specific loans but rather for a certain overall limit. Coillte Teoranta was established as a private commercial company under the Forestry Act, 1988 and day-to-day operational issues, such as the actual borrowing and repayment of monies, are the responsibility of the company.