IFA appoint former Glanbia chief to pay review committee
But Association still refusing to disclose details of payments to top staff
Former Glanbia managing director John Moloney has been appointed to the pay committee of the IFA as the association moves to address concerns about salary scales for its top staff.
The IFA, which has more than 88,000 members and is funded by a mixture of fees, factory levies and business interests, confirmed to the Farming Independent it has moved to strengthen the remuneration committee which reviews the performance and pay of general secretary Pat Smith.
However, the IFA is still refusing to disclose details of its senior executives salaries. It is understood that Mr Smith (right) receives a substantial six-figure salary package.
The appointment of Mr Moloney follows calls for transparency from former IFA chief economist Con Lucey who raised issues about accountability on salary scales when he stepped down from the IFA's audit committee last year.
In a controversial resignation letter, the veteran economist, called for an independent committee to set the pay and benefits package for the general secretary as well as the compensation package for IFA presidents.
He said changes to accountancy standards in Ireland put an onus on bodies such as the IFA to disclose details of the salaries paid to senior staff.
The IFA confirmed in the wake of Mr Lucey's resignation that an independent chair, Martin Lenehan, was appointed to its audit committee.
Independent TD Michael Fitzmaurice called for details of these salaries and benefits to be made public.