"Brendan McDonagh, the chief executive, waived his right to a performance-related bonus, demonstrating a commitment to transparency amidst public scrutiny over his salary."
"Aidan Williams emphasized NAMA's unique achievement of managing itself out of existence, highlighting their successful strategy in minimizing risks and maximizing state recovery."
Brendan McDonagh, the CEO of NAMA, decided to waive his eligibility for a performance-related bonus, reflecting his commitment to transparency as NAMA prepares to conclude its operations. The agency reported a profit of €197 million last year and plans to return €5.5 billion to the Exchequer, marking a successful exit from its role in resolving the banking crisis. NAMA has facilitated significant housing delivery but faced criticism over executive pay, leading McDonagh to withdraw from consideration for a new housing oversight role amidst this controversy.
Read at Irish Independent
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