Foley spares AI's blushes
Published 13/03/2011 | 05:00
John Foley, the chief executive of Athletics Ireland, has turned down a bonus of €10,000 awarded to him recently by the board of the cash-strapped association.
In a statement to the Sunday Independent, Ciarán ó Catháin, who chairs Athletics Ireland's finance and risk committee, said: "Under the terms of the CEO's contract with Athletics Ireland, the Finance Committee and the board have an obligation to examine the terms of that contract and the bonus element pertaining to it on an annual basis. On the basis that performance met the criteria set out, the CEO bonus relating to 2010 was agreed by the Finance Committee and subsequently approved by the board."
He continued: "However, Athletics Ireland CEO John Foley decided not to accept this entitlement as he was of the view that it would not be appropriate in the current economic climate."
Nevertheless, the matter was raised at the recent board meeting of the Sports Council, when serious disapproval was expressed that AI would see fit to offer a bonus when it is struggling financially and it was decided to seek more information. Although it is now clear that initial concerns that the money had been paid have been allayed, questions will still be asked by the sports council as to how the association found itself in a situation where paying a bonus in the current climate even made the agenda.
At least Foley's action in passing up the money has spared Athletics Ireland's blushes on this occasion.
Sunday Indo Sport