Michael McGrath (Cork South Central, Fianna Fail)
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Question 160: To ask the Minister for Finance if he will provide details of the proposed pay review among the commercial semi-State sector and State agencies; if the review will encompass all employees of such bodies; the person who will conduct the review; the terms of reference; when the review is expected to be completed; and if he will make a statement on the matter. [9738/11]

Michael Noonan (Limerick City, Fine Gael)
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The agreement of the relevant Minister and the Minister for Finance is, under various statutes, required in relation to the remuneration of all employees of non-commercial State bodies and agencies and the remuneration of CEOs of commercial State companies. There are no such statutory provisions in relation to the remuneration of other staff in commercial State companies. The current arrangement for setting the remuneration of these CEO posts is based on comparative analysis with posts in the private sector. The last such review took place in 2007. I understand my colleague, the Minister, Deputy Howlin, intends to give further consideration as to how best to effect reductions in the remuneration of CEOs of commercial State companies and agencies - while acknowledging that there may be contractual issues in relation to current incumbents - and to bring proposals on the matter to the Government shortly.