NAMA board get pay increase of up to 70pc... National Assets Management Agency (NAMA) board members have received a hike in salary -- despite being less than three months in the job. Finance Minister Brian Lenihan yesterday confirmed he had approved a new fee structure for the nine-strong board in light of their increased workload. The board's chair, former Revenue Commissioner boss Frank Daly, will receive €170,000, a 70pc increase on his original pay packet of €100,000. And the team of ordinary members will receive an annual fee of €50,000, rather than the €38,000 first proposed. The board, which comprises of six ordinary members, two ex-officio members and one chairperson, were appointed by Mr Lenihan in December They have responsibility for shaping NAMA and will decide the future of developers, ranging from household names to small-time developers. Besides Mr Daly, the ordinary members of NAMA's board are former AIG official Eilish Finan, former Bank of Ireland board member
Is Ireland in a new property bubble? Follow us to keep updated for 2024. We take a look at the daft property scene in post Celtic Tiger Ireland! Discover our selection of the top Irish property news and watch house price trends for Ireland and more...