Pearse Doherty (Donegal South West, Sinn Fein)
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Question 145: To ask the Minister for Finance if the chairman of the National Asset Management Agency shall be remunerated pursuant to the terms or conditions of his contract with NAMA; the sum of remuneration in the event of the chairman resigning of his own volition, by way of mutual agreement or in the event of him dismissing the chairman from his position; and if he will make a statement on the matter. [18482/11]

Michael Noonan (Limerick City, Fine Gael)
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The terms and conditions governing the appointment of the Chairperson of the National Asset Management Agency are as determined by the Minister in accordance with the relevant provisions of the National Asset Management Act 2009. The terms attaching to the present incumbent to the position are that his appointment is for a period of five years from 22 December 2009 at an annual fee of €150,000 (which was reviewed downwards in March 2011 from its previous setting of €170,000).