Written answers
Thursday, 21 June 2018
Department of Finance
State Bodies Data
Michael McGrath (Cork South Central, Fianna Fail)
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72. To ask the Minister for Finance the number of positions on the board in respect of the board of agencies and commercial State companies under his Department’s aegis in tabular form; the quorum required for a board meeting; the number of ministerial appointee vacancies on the board to date; the length of time the ministerial appointee vacancy has been present for each vacancy; and if he will make a statement on the matter. [27220/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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There are seventeen non-commercial bodies under the aegis of my Department, seven of which are not State Boards or State Agencies and as such, are not relevant to the Deputy’s question. These are the Office of the Comptroller and Auditor General, Office of the Revenue Commissioners, Tax Appeals Commission, Credit Review Office, the Credit Union Advisory Committee, the Irish Bank Resolution Corporation and the Irish Financial Services Appeals Tribunal.
The remaining ten bodies have provided the information in the following table.
| Body | Number of positions on the board in respect of the board of agencies and commercial State companies | Quorum required for a board meeting | Number of ministerial appointee vacancies on the board to date | Length of time the ministerial appointee vacancy has been present for each vacancy |
|---|---|---|---|---|
| Central Bank Commission | As enshrined in the Central Bank Act 1942 (as amended), the Central Bank Commission comprises: The Governor of the Central Bank; the Deputy Governor Central Banking; the Deputy Governor Prudential Regulation; the Secretary General of the Department of Finance; and at least 6, but no more than 8, other members appointed by the Minister for Finance. | If there are 10 or 11 members of the Commission, 6 members constitute a quorum; if there are 12 members of the Commission, 7 members constitute a quorum. Currently there are 10 members. | There are 6 Commission members appointed by the Minister. Under the legislation, there is potential for 2 further Ministerial appointees. | While there is potential for 2 additional Ministerial appointees under the legislation, it is not a requirement to have 8 Ministerial appointees. The Minister for Finance approved the holding of an open call for expressions of interest from suitable candidates, in a process administered by the Public Appointments Service, which is expected to conclude shortly. |
| Credit Union Restructuring Board | 3 | 3 | 0 | 0 |
| Disabled Drivers Medical Board of Appeal | 5 | 3 | 0 | N/A |
| Financial Services & Pensions Ombudsman | 7 | 4 | 0 | 0 |
| Investor Compensation Company DAC | 12 | 7 | 1 | Since January 2018 |
| Irish Fiscal Advisory Council | 5 | 3 | 0 | N/A |
| National Asset Management Agency | 9 | If there is no vacancy on the Board, 5 members constitute a quorum; if there is a vacancy on the Board, 4 members constitute a quorum. | 2 | 1 vacancy from December 2013. 2 vacancies from 2014 |
| National Treasury Management Agency | 9 | 5 | 0 | 0 |
| Social Finance Foundation | Maximum of 10 | 5 | 0 | 0 |
| Strategic Banking Corporation of Ireland | Pursuant to the SBCI's Constitution, the Company shall have a minimum of two and a maximum of nine directors. | 4 | 0 | 0 |
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