Gibson: Review Performance Of Gov’T-Owned Companies
PHILIPSBURG – Minister of Finance Richard Gibson has called for a review of the performance of government-owned companies, especially as it relates to the salaries earned by directors of these companies.
He made the comments at the Council of Ministers press conference on Wednesday, July 20. He wants government-owned companies to present a policy on how its directors are paid, and to introduce a salary ceiling that should not be higher than what the Prime Minister earns.
“I don’t think that should be the case and I think government-owned companies will have to come with a policy for key positions in government-owned companies to determine what is being paid to directors, to top positions in government-owned companies and to make sure that the policy to come with that it has a ceiling, and the ceiling has to be that it cannot be higher than what the Prime Minister makes,†Minister Gibson said.
He called for a performance-based approach to the management of government-owned companies Read more
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