Sunday 4 December 2016

Fas directors' long goodbye

Social partners clung to office despite agency's unfolding scandals

Published 03/01/2010 | 05:00

TOP trade unionist Peter McLoone and the entire Fas board eventually agreed to say a long goodbye to their cushy numbers as directors of the damaged state agency in November.

  • Go To

After Peter and his crew of social partners had clung to office -- despite the unfolding scandals surrounding the nation's most extravagant quango -- a report from the Comptroller and Auditor-General revealed a Fas advertising budget that had run amok.

Added to the earlier travelling expenses crisis that had toppled chief executive Rody Molloy, these further revelations left the directors' position untenable.

Emergency legislation was rushed through Leinster House to change the agency's board structure and to remove the well-rewarded directors drawing a minimum of €14,000 from the taxpayer.

Losing the chair means McLoone is out €24,000 -- but he won't starve.

He draws €155,000 from his job as head of the Impact trade union and €12,000 from his gig on the Labour Relations Commission. By the end of the year the new board had still not been selected.

Sunday Independent

Read More

Promoted articles

Editors Choice

Also in Business