28. Directors’ Remuneration
2017 €’000 | 2016 €’000 | |
Emoluments | 380 | 396 |
Contributions to retirement benefit schemes | ||
Defined benefit | 180 | 116 |
Retirement benefits are accruing to two Directors (2016: two Directors) under defined benefit schemes.
The Directors do not participate in any long term incentive schemes nor do they have any equity interests in the Company. There were no payments during the year (2016: NIL) in respect of compensation for loss of office or other termination payments.
Included in the above is the remuneration package of the Chief Executive made up as follows:
2017 €’000 | 2016 €’000 | |
Director’s Fees | 13 | 13 |
Salary | 185 | 185 |
Other Benefits including Pension Costs and Taxable Benefits | 161 | 95 |
359 | 293 |
Directors’ Fees
2017 € | 2016 € | |
L McCaffrey | 21,600 | 21,600 |
E O’Reilly | 12,600 | 12,600 |
P Bates | 12,600 | 12,600 |
H Collins | - | 7,198 |
E Finnan | 12,600 | 3,176 |
G Darling | 12,600 | 12,600 |
P Magner | - | 12,600 |
J Moore * | 8,855 | 12,600 |
K Nolan * | 3,245 | - |
84,100 | 94,974 |
*In Addition to the Directors’ fees, Mr Moore and Mr Nolan were paid as employees of Dublin Port Company.
Key management compensation
The compensation paid or payable to key management is shown below:
2017 €’000 | 2016 €’000 | |
Salaries and other short term benefits | 1,588 | 1,490 |
Post-employment benefits | 354 | 316 |
Total key management compensation | 1,942 | 1,806 |
The key management compensation amounts disclosed represents compensation to those people having the authority and responsibility for planning, directing and controlling the activities of the Company. The key management personnel include Board Members and members of the executive management team. The amounts stated above are inclusive of employer’s PRSI.
