The Code of Practice for the Governance of State Bodies provides that the CEO of each Commercial State Body shall hold office subject to the terms and conditions as determined by the Board of the State Body with the consent of the relevant Minister and the Minister for Public Expenditure and Reform. The statutory framework governing remuneration for CEO posts is set out in the relevant legislation governing each post.
The terms and conditions of remuneration for the Port of Cork CEO are in line with the relevant statutory framework. These terms and conditions were set in accordance with the conditions of the previous CEO who was appointed to the role prior to 2011 and therefore diverge from the range applied in 2011. No increase or change in remuneration was offered to the current CEO.