I propose to take Questions Nos. 357, 358 and 359 together.
The Senior Posts Remuneration Committee (SPRC) was established by Government in March 2024. The SPRC was requested to perform a review of the remuneration arrangements for the CEOs of Commercial State Bodies (CSBs).
The SPRC made a number of findings and 17 recommendations. The report outlines the importance of fair and appropriate remuneration as a key element in the recruitment and retention of CEOs of CSBs who are critical to the State's future development and economic performance. Overall, the SPRC found that there is a requirement for a transparent framework for the regular review of CEO remuneration.
Having considered the SPRC report, the Government agreed to implement a more structured approach to the remuneration across CEOs in CSBs. The SPRC report was published on 29 April 2025. A banded salary structure was agreed by Government and has been implemented for CEOs, which ranges from their current salary to the market median of the relevant band.
Proposals for changes to salaries for CEOs of CSBs within this framework agreed by Government may be made by the relevant Board and are subject to approval by the relevant Minister and, subsequently, my consent.