Written answers

Tuesday, 15 November 2011

Department of Finance

Banking Sector Remuneration

9:00 pm

Photo of Gerry AdamsGerry Adams (Louth, Sinn Fein)
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Question 139: To ask the Minister for Finance the salary being paid to Mr. Dick Spring and Mr. Declan Collier in their positions as public interest directors in Allied Irish Banks; and if he will make a statement on the matter. [34520/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware that directors at the covered institutions, including public interest directors who were nominated by my predecessor, are appointed and remunerated by the respective boards. Accordingly, disclosure of details of their remuneration is covered by various rules and procedures. The two individuals referred to by the Deputy are paid non-pensionable fees, not salary. The information sought by the Deputy, to the extent that it has been released publicly by the respective covered institution, is available in its 2010 Annual Report (from pages 299 to 304 inclusive) which indicates that fees of €47,000 and €40,000 were paid in 2010 to the respective named individuals.

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