200 Deputy Jim O’Keeffe asked the Minister for Communications, Energy and Natural Resources if he has made any proposals to the Department of Finance for change in the remuneration of the chief executive officers of the commercial semi-State bodies for which he has responsibilities when current levels of remuneration appear to be excessive; his views on this situation; and if he will make a statement on the matter. [4591/11]

I can inform the Deputy that in the context of the Minister for Finance's budget day reference to the levels of remuneration of the chief executive officers of the commercial State bodies, my Department has engaged, and will continue to engage with the Department of Finance on the matter. As the Deputy may be aware the contracts, including remuneration provisions, of all chief executive officers of the commercial State agencies under the aegis of my Department must be approved by myself and by the Minister for Finance.