Shane Ross (Dublin South, Independent)
Link to this: Individually | In context | Oireachtas source

To ask the Minister for Finance the total cost to the taxpayer of paying the aggregate fees, salaries and any other remuneration to directors of all State bodies, to include majority State owned banks, all public interest directors, all semi-State bodies, all State agencies and so on; and if he will make a statement on the matter. [15077/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Information in respect of the total remuneration paid to members of the National Treasury Management Agency (NTMA) Advisory Committee, the National Development Finance Agency Board, the National Pensions Reserve Fund (NPRF) Commission and the State Claims Agency Policy Committee are given below. The amounts below are based on actual remuneration payments made in 2012.

Note 1: A number of board members are ex-officio members or serving civil servants and receive no remuneration fees in respect of their membership.

Note 2: A number of vacancies existed on the boards for varying lengths of time during 2012 as members’ terms of office expired and new members were appointed.

Note 3: The remuneration fees of the NPRF Commission are not paid from current Exchequer expenditure but are charged directly to the account of the National Pensions Reserve Fund.

Note 4: John Corrigan (NTMA Chief Executive) and Brendan McDonagh (NAMA Chief Executive Officer) receive no remuneration as ex-officio members of the Board. Mr John Mulcahy, NAMA Head of Asset Management, was appointed to the Board in March 2012 and as an Executive receives no remuneration in his capacity as Board member.

Information in respect of total fees and expenses paid to members of the National Asset Management Agency Board in 2012 is contained in the following table:

In relation to the directors including the public interest directors of the Bank of Ireland, Allied Irish Bank and Permanent TSB details of the fees received in 2012 will be published in their annual reports and will be available by the end of March 2013.