The Cabinet has made a significant decision to have the salaries of chief executive officers for eight Government-controlled entities determined by the Higher Salaries Commission. This decision comes in light of an approval to amend Schedule 1 of the Higher Salaries Commission Act 2023, signaling a proactive approach toward improving oversight on executive compensation.
The entities affected by this amendment include Assets Fiji Pte Limited, Fiji Investment Corporation Limited, Fiji Roads Authority, Investment Fiji, the Maritime Safety Authority of Fiji, Oceania Shipbuilding and Engineering Pte Limited, the Public Rental Board, and the Fijian Competition and Consumer Commission. By placing these organizations under the Commission’s supervision, the government aims to promote transparency and fairness in how these executive salaries are set.
The overarching goal of this move is to ensure that remuneration practices are standardized across statutory bodies and state-owned entities, which will help to curtail excessive salary payments. By strengthening accountability in this regard, the Cabinet’s decision is expected to foster a more equitable environment in public sector compensation.
This amendment reflects a commitment to responsible governance and the prudent management of public resources, benefiting both the entities involved and the broader community.
Leave a comment