Punuc EN11TIES CoRPORATE GovERNANCE
No. 4/2018
Cap.10:31
( 13) The head of the Unit shall ensure that as soon as practicable after a person
has been appointed to the board of a public entity, a notice is published in the Gazette
specifying the person's name, the board to which he or she has been appointed and the
duration of the appointment.
(14) Every line Minister shall cause one or more lists to be kept at the offices
of his or her Ministry, showing(a)
(b)
the public entities of which he or she is the line rviinister; and
the particulars referred to in subsection (12) in respect of each member
of the boards of the public entities referred to in paragraph (a) of this
subsection;
and shall ensure that the list or lists arc kept up to date and available for inspection by
members of the public at all reasonable times during the i\1inistry's n01mal office hours.
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Remuneration of non-executive members of public entities
( l) For the purpose of ensuring that, so far as is practicable, the remuneration
fixed for non-executive members of public entities are(a)
fair and appropriate, due regard being had to the members' qualifications
and experience and the functions they are expected to perform; and
(b)
reasonably consistent as between different public entities;
the iviinister, may formulate standard sitting allowances, provisions for out-of-pocket
expenses and other payments or benefits compatible with service as a non-executive
board member, which standards shall be applicable to board members of all pnblic
entities or any patticular class of such entities:
(2) In formulating standards of remuneration for non-executive members
of public entities in terms of subsection ( 1), the Minister shall consult the Minister
responsible for finance and the line Ministers concerned and shall pay due regard to(a)
(b)
(c)
the capacity of the public entities concemed to comply with the standards;
and
standards of remuneration applicable to non-executive members of boards
of well-managed companies and other entities of similar size that pe1form
similar functions in the private sector; and
the need to ensure that the public entities concerned carry out their
operations economically without sacrificing their efficiency and
effectiveness.
(3) The Minister shall not fom1tllate standards of remuneration for non-executive
members of public entities that are inconsistent with this Act or the enabling instruments
of the public entities concerned.
(4) The Minister may from time to time amend or replace standards of remuneration for non-executive members of public entities, and subsections (I) to (3) shall
apply, with any necessary chang,~s, to any such amendment or replacement.
(5) As soon as possible after fommlating, amending or replacing any standards
of remuneration for non-executive members of public entities in tenm of this section,
the Minister shall-(a)
submit the standards or amendment or replacement thereof for the approval
of the Cabinet; and
(b)
after obtaining Cabinet's approval, keep a copy of the standards and of
any amendment or replacement(i) at the Minister's oflices, where it may be inspected by members of the
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