Figures show disparency in directors' fees
The public interest directors appointed by the government to the financial institutions covered by the State guarantee are paid up to six times more than directors of other State bodies.
Figures obtained by RTÉ News show the directors appointed to Anglo Irish Bank are amongst the highest paid - with Alan Dukes and Frank Daly each receiving almost 100,000 each in fees.
The figures also reveal that State-appointed directors to AIB receive 3,000 for every committee meeting they attend, on top of a basic fee.A spokesman for the Department of Finance said this evening that the fees reflect the recommendations of a committee looking at renumeration in the guaranteed institutions and that the fees for State-appointed directors are appropriate and relate to the scale of the operations and complexity of institutions involvedRTÉ News: Figures show disparency in directors' feesIn AIB, Dick Spring and Declan Collier receive basic fee of 27,375 and also receive 3,000 for each committee meeting they attend. The number of which they are members of and attend is not available.
At Anglo Irish Bank, Alan Dukes and Frank Daly receive basic fees of 73,600 and a committee fee of 25,760, bringing their total fees to 99,360 each.
At Irish Life and Permanent, Ray MacSharry and Margaret Hayes receive basic fees of 56,250 and Margaret Hayes also receives 7,500 for committee work, which brings her total to 63,500
At EBS, Tony Spollen and Ann Riordan both receive a basic fee of 29,000 each.