A document, quietly uploaded online, shows ministers agreed to lift the maximum annual fee for chairs of governance boards from $90,000 to about $162,000.
OK sure it’s a big raise. But from what I gather they are doing (could be completely misunderstanding the job or the article hasn’t clearly defined well enough for me) but I’d think that was inline with other sectors with that kind of responsibility. Maybe I’m completely deluded 🤷
When you say “other sectors” you probably mean major corporations. Yes in major corporations CEOs and such get paid obscene amounts of money for failing constantly and then being fired with golden handshakes. That’s not something we want to do with our public sector.
These people are not CEOs, they are not running anything. They are just sitting on a board that meets at most once a quarter for a couple of hours. Nobody should be getting paid 90K for ten hours of work a year.
OK sure it’s a big raise. But from what I gather they are doing (could be completely misunderstanding the job or the article hasn’t clearly defined well enough for me) but I’d think that was inline with other sectors with that kind of responsibility. Maybe I’m completely deluded 🤷
When you say “other sectors” you probably mean major corporations. Yes in major corporations CEOs and such get paid obscene amounts of money for failing constantly and then being fired with golden handshakes. That’s not something we want to do with our public sector.
These people are not CEOs, they are not running anything. They are just sitting on a board that meets at most once a quarter for a couple of hours. Nobody should be getting paid 90K for ten hours of work a year.
Sorry, you’re completely right. I went back and reread the article and I had misunderstood. This is a bit much and I agree with your take.
Thanks for the correction
This!
The payouts for directors in the private sector is already BS, why would we want to match it with public sector.
Exactly. But they know they will all be sitting on boards when they stop getting elected so that’s why they are doing this.