Written answers
Wednesday, 11 January 2012
Department of Finance
Departmental Agencies
8:00 pm
Maureen O'Sullivan (Dublin Central, Independent)
Link to this: Individually | In context
Question 117: To ask the Minister for Finance the number of State agencies currently financed by the Exchequer; the number of board members attending each State agency; the expenses issued for each meeting; if any review of the membership of board members is to be taken in order to monitor attendance levels or lack of attendance by any member; and if he will make a statement on the matter. [1363/12]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
The information requested by the Deputy in relation to agencies under the remit of my department is as follows: National Treasury Management Agency (NTMA)
There are 5 Boards coming under the NMTA as outlined in the following table.
Please note that, in line with paragraph 3.8 of the Code of Practice for the Governance of State Bodies, attendance at meetings of the National Treasury Management Agency Advisory Committee, the State Claims Agency Policy Committee, the National Development Finance Agency Board, the National Pensions Reserve Fund Commission and the National Asset Management Agency Board is published in the relevant Annual Report of the body concerned.
| Board/Body Name | No of board members | Remuneration details in respect of board members and board chairpersons |
| National Treasury Management Agency Advisory Committee | Up to 7 Board members.Currently 1 vacancy | Chair €50,000.Agreed to make a gift of 10% of 2009 remuneration to the Minister for Finance under s483 of the Taxes Consolidation Act.Ordinary Members €25,000.Agreed to make a gift of 10% of remuneration to the Minister for Finance under s483 of the Taxes Consolidation Act from 1 January 2009.Secretary General Department of Finance receives no fee in respect of his membership.A total of €25,318 in expenses was paid to Advisory Committee members in 2010 reflecting travel and accommodation expenses incurred by non-Irish based members. |
| National Development Finance Agency (NDFA) | Up to 8 Board members. | Chairman, as an ex-officio member, receives no fee.Ordinary Members €12,600 p.a.2 members (Chief Executive of the NTMA and the Chief Executive Officer of the NDFA) receive no fees in respect of their membership.A total of €2,104 in expenses was paid to board members in 2010 primarily reflecting travel expenses. |
| National Pensions Reserve Fund Commission | Up to 7 Board members | Chair €51,424.Ordinary members €34,283.One member (Chief Executive of the NTMA) receives no fee in respect of his membership.A total of €15,554 in expenses was paid to commissioners in 2010 reflecting travel and accommodation expenses incurred by non-Irish based members. |
| National Asset Management Agency | Up to 9 board membersCurrently 2 vacancies | The Chairman receives a fee of €150,000, six members receive fees of €60,000 each per annum while one member (also Chairman of the Credit Committee) receives a fee of €75,000 per annum. Each member of the NAMA Board also chairs or is a member of various NAMA Board committees. Their fees associated with these committees are included in the above.2 ex-officio members (Chief Executive of the NTMA and the Chief Executive Officer of NAMA), receive no fees in respect of their membership.A total of €36,246 in expenses was paid to board and committee members in 2010 primarily reflecting travel and accommodation expenses of a member not based in Ireland. |
| State Claims Agency Policy Committee | Up to 7 Board membersCurrently 2 vacancies | Chair €13,713 p.a.Ordinary members €9,142 p.a.2 members (serving civil servants) do not receive fees in respect of their membership.A total of €270 in expenses was paid to committee members in 2010 in respect of travel costs. |
Disabled Drivers Medical Board of Appeal
The Disabled Drivers Medical Board of Appeal comprises a Chairperson and a panel of members (doctors) who are appointed by the Minister for Finance on the nomination of the Minister for Health. The Chairperson is also a consultant in the NRH and the Department of Finance recoups her salary costs to the NRH.
| Board/Body Name | No of board members | Remuneration details in respect of board members and board chairpersons |
| The Disabled Drivers Medical Board of Appeal | There are currently 5 panel members | In addition to the Chairperson, two doctors from the panel attend each Appeal Board sitting. Those two doctors receive a session rate of €660 per doctor per hearing since November 2007. This rate was reduced by 8% with effect from 1 March 2009 to €607.20 in line with the Government Decision of 3 February 2009. The overall amount paid to these doctors is reasonably low; for example in 2010 the total amount paid to those doctors combined was around €21,860 in session fees, €5,635 in locum payments and €1,691 in travel and expenses. |
No review has been carried out, but panel members are only paid if they attend an appeal hearing.
Irish Bank Resolution Corporation Limited
| Board/Body Name | No of board members | Remuneration details in respect of board members and board chairpersons |
| Irish BankResolution Corporation Limited | There are currently 8 board members of Irish Bank Resolution Corporation Limited. | 2011 expenses in the amount of €1,758.21 have been incurred in respect of Directors attendance at meetings, including in some cases costs in respect for attendance via conference call. This relates to 2 board members. |
No comments