Saturday 27 May 2017

IFA chief's pay back on agenda

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
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

Louise Hogan Farming Editor

The country's largest farmers' organisation has appointed the ex-boss of a food giant to head up its internal committee on pay for its top brass.

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 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.

Irish Independent

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