The Cabinet has made a significant decision mandating that the remuneration for chief executive officers of eight Government-controlled entities will be determined by the Higher Salaries Commission. This move comes as part of the Cabinet’s approval to amend Schedule 1 of the Higher Salaries Commission Act 2023.
The newly added organizations under the Commission’s oversight 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.
This initiative is designed to promote transparency, consistency, and fairness in the setting of CEO salaries. It is part of a broader strategy to standardize remuneration practices, address excessive pay disparities, and enhance accountability among statutory bodies and State-owned enterprises. Through this oversight, the Government aims to build public trust in the management of public services, ensuring that compensation reflects performance and responsibility.
This development reflects a commitment to fair governance and responsible management of public resources, presenting an opportunity for greater equity in how leaders are compensated within public enterprises. The emphasis on accountability may pave the way for a more responsible and transparent public service sector.