Takeover panel directors’ pay up 22%

DIRECTORS at the Irish Takeover Panel saw their pay jump 22% in the year to the end of June as they seek more powers from the Government.

Salaries for staff at the panel saw wages increase by 1% to €349,463. Directors remuneration was €314,800 in the year to the end of June 2009.

According to accounts just filed, the panel said that although the 1997 Act on which it was established has served its interests, it believes that it is “appropriate and timely” to make some changes to the act.