Michael McCarthy (Cork South West, Labour)
Link to this: Individually | In context

Question 156: To ask the Minister for Communications, Energy and Natural Resources if he will issue a breakdown of the remuneration packages in place for chief executive officers of all semi-state companies here as of 27 January 2011, specifying in detail any bonus, pension, expenses or other arrangements; and if he will make a statement on the matter. [6423/12]

Pat Rabbitte (Dublin South West, Labour)
Link to this: Individually | In context

I wish to advise the Deputy that the Government decided that the salary range for newly appointed CEOs of Commercial Semi State Companies under the aegis of my Department should be as set out in the following table with effect from 21st June 2011.

Salary Rate for newly appointed CEOs of Commercial State Companies

The Annual Reports of the companies contain details of incumbent CEOs' salaries. The Annual Reports should be available in the library of the House. None of the CEOs receive a bonus.

Pensions are negotiated on a case by case basis between the relevant company and the CEO as part of the new contract, in accordance with the Guidelines on contracts, remuneration and other conditions of Chief Executives and senior management of Commercial State Bodies, subject to statutory provision for the approval of remuneration and terms by Ministers and the Minister for Public Expenditure and Reform. Expenses arrangements are an operational matter for the companies.