Bord na Móna (BNM) turfed out a healthy €802,000 in fees, salaries and benefits to its board of 12 directors last year. While Mike Quinn, managing director, received a basic salary of €200,000 and pension and benefits package of €63,000, the four directors appointed through the Worker Participation Act received a total remuneration of €454,000. The chair received a fee of €21,600 and each of the other directors received €12,600 each.
Considering the size of BNM, with almost 2,000 full-time employees, €433m in turnover and harvesting 3.4m tonnes of peat, some of the dairy co-ops might want to look at their board structure and remuneration of senior management, especially given the downturn in farm incomes.
For more on BNM, see AgriBusiness
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Bord na Móna (BNM) turfed out a healthy €802,000 in fees, salaries and benefits to its board of 12 directors last year. While Mike Quinn, managing director, received a basic salary of €200,000 and pension and benefits package of €63,000, the four directors appointed through the Worker Participation Act received a total remuneration of €454,000. The chair received a fee of €21,600 and each of the other directors received €12,600 each.
Considering the size of BNM, with almost 2,000 full-time employees, €433m in turnover and harvesting 3.4m tonnes of peat, some of the dairy co-ops might want to look at their board structure and remuneration of senior management, especially given the downturn in farm incomes.
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