An annual fee is paid to certain Directors at a rate of €15,750, as specified by the Minister for Finance. The fee paid to each Director from the date of their appointment to the reporting date is as below:

Board fees	12 September 2014 to 31 December 2015 €
Barbara Cotter	12,409
Tom McAleese	12,170
Rosheen McGuckian	11,991
AJ Noonan	12,409
Richard Pelly	12,409
Eilis Quinlan	12,409
	73,797

The Chairperson and Chief Executive Officer did not receive any remuneration in respect of their membership of the Board. Ann Nolan, appointed in her capacity as Second Secretary General of the Department of Finance, did not receive any remuneration in respect of her membership.

Directors are reimbursed approved expenses on a vouched basis. Expenses relate to travel to attend meetings in SBCI’s offices in Dublin. During the financial period, a total of €1,231 in taxable expenses was incurred in respect of certain Directors.

Board Member	Travel €	Accomodation and subsistence €	Total €
Richard Pelly	1,231	-	1,231

The expenses paid to Directors are included in the costs reimbursable to the NTMA.

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