Joan Burton (Dublin West, Labour)
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Question 155: To ask the Minister for Finance if the salary and remuneration ceilings recommended by the report of the Covered Institution Remuneration Oversight Committee only apply to the most senior staff in the institutions covered by the bank guarantee scheme; if there is a prohibition on these institutions paying total remuneration packages well above the limits recommended to other staff; and if he will make a statement on the matter. [11232/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under the Credit Institutions (Financial Support) Scheme 2008, the Covered Institution Remuneration Oversight Committee [CIROC] was established comprising three members appointed to oversee all remuneration plans of senior executives and Board Members of the covered institutions. CIROC's recommendations were then necessarily confined to the group covered by its terms of reference. The Deputy will appreciate that the respective covered institutions operate in a commercial fashion. Subject to contractual considerations, they are expected, in the present economic circumstances, to take account of the necessary downward adjustment in remuneration levels affecting all sectors of the economy. However, I am not able to interfere in pay policy in a private company.

Joan Burton (Dublin West, Labour)
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Question 156: To ask the Minister for Finance if the salary and remuneration ceilings recommended by the report of the Covered Institution Remuneration Oversight Committee apply to all related entities of the institutions covered by the bank guarantee scheme; and if he will make a statement on the matter. [11233/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Covered Institution Remuneration Oversight Committee [CIROC] is a product of the Credit Institutions (Financial Support) Scheme 2008. The following credit institutions and subsidiaries are 'covered institutions' for the purposes of the Scheme:

(1) Allied Irish Banks, plc and its subsidiaries AIB Mortgage Bank, AIB Bank (CI) Limited, AIB Group (UK) plc and Allied Irish Banks North America Inc.;

(2) Anglo Irish Bank Corporation plc and its subsidiary Anglo Irish Bank Corporation (International) plc;

(3) The Governor and Company of the Bank of Ireland and its subsidiaries Bank of Ireland Mortgage Bank, ICS Building Society and Bank of Ireland (I.O.M.) Limited;

(4) EBS Building Society and its subsidiary EBS Mortgage Finance;

(5) Irish Life & Permanent plc and its subsidiary Irish Permanent (I.O.M) Limited;

(6) Irish Nationwide Building Society and its subsidiary Irish Nationwide (I.O.M.) Limited;

(7) Postbank Ireland Limited.

CIROC applies to all of those 'covered institutions'.

Joan Burton (Dublin West, Labour)
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Question 157: To ask the Minister for Finance the number of senior staff in each of the institutions covered by the bank guarantee scheme who are subject to the salary and remuneration ceilings recommended by the report of the Covered Institution Remuneration Oversight Committee; and if he will make a statement on the matter. [11234/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the covered institutions that the following number of staff are covered by the salary and remuneration ceilings recommended by the report of the Covered Institution Remuneration Oversight Committee: