Nationwide to seek exemption on new pay rules

The board of Irish Nationwide is to ask finance minister Brian Lenihan whether mechanisms can be found to ensure that a successor to Michael Fingleton could be paid a total remuneration package greater than the €360,000 recommended by the body charge

28th March, 2009

The board of Irish Nationwide is to ask finance minister Brian Lenihan whether mechanisms can be found to ensure that a successor to Michael Fingleton could be paid a total remuneration package greater than the €360,000 recommended by the body charged with assessing top bankers’ salaries.

The initiative comes in response to Lenihan’s request to the two state-appointed directors on the board to put in place a review of management and the board in...

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