Belfast Telegraph

Collier AIB job 'not good practice'

The Taoiseach claims it is not "good practice" for Dublin Airport Authority boss Declan Collier to serve on a committee overseeing pay and bonuses at bailed-out AIB.

Mr Collier, who was forced to give up a 106,100 euro bonus amid intense Government pressure, serves as both a public interest director at the bank and on its remuneration committee.

As Government departments revealed no other bonuses to semi-state chiefs are being paid, Enda Kenny again hit out at the controversy surrounding Mr Collier.

"I don't want to appear any way vindictive about this, but in my view you cannot have a situation that minister (Leo) Varadkar was confronted with last week, which was resolved," Mr Kenny said.

Mr Collier was appointed as public interest director with AIB in January 2009 and to the bank's remuneration committee the following April and audit committee in October 2010.

The remuneration committee recommends pay scales to the bank's board, the chairman and group chief executive's wages and performance-related incentive schemes.

The bank, once the largest in the state, has received 7.2 billion euro in state support.

Independent TD Shane Ross claimed Mr Kenny should look at Mr Collier's position and called on him to stop the culture where "insiders are rewarding insiders".

"Is it not absurd that somebody who's involved in a controversy of this sort for his own remuneration, should be deciding on the remuneration of those in the banks for which the state has responsibility," Mr Ross said.

The Taoiseach would not be drawn on Mr Collier's position but added: "Personally I find it certainly not good practice, put it that way."


From Belfast Telegraph