Payment of taxable benefits is a matter for the company in line with tax law.
The Bord na Móna CEO’s overall remuneration package is determined by a sub-committee of the Board, in line with the company’s statutory obligations and the Code of Practice for the Governance of State Bodies – Remuneration and Superannuation terms and is subject to approval by the Minister for the Environment, Climate and Communications and the consent of the Minister for Public Expenditure, NPD Delivery and Reform.
Ministerial sanction was provided in 2018 for the appointment and contract of the chief executive of Bord na Móna (Tom Donnellan), including terms and conditions such as remuneration, tenure of appointment, health insurance at the expense of the company, holidays, and pension scheme. The selection of a company car is a matter for the Board to determine in line with its established practices.
The remuneration of executive directors of Bord na Móna is a matter of public record and is disclosed, in full, in Bord na Móna’s annual report and accounts. This includes salary, pension contributions and all taxable benefits.
As an executive director, Bord na Móna CEO’s salary, pension contributions and all taxable benefits are also disclosed in full and in accordance with the relevant accounting standards and with the guidelines for semi-state companies. The company assures me that all payments made to Bord na Móna’s CEO and any benefits received by him are fully taxed in line with relevant tax legislation.
I have asked Bord na Móna to respond directly to the deputy regarding the payment of BIK or other benefits to other staff.
