Slashed perks for bigwigs month end

Slashed perks for bigwigs month end
Published: 16 April 2014

All chief executives of State-linked firms and local authorities will earn Cabinet-prescribed packages of $6 000 and below this month.

Government formally issued the directive through the relevant line ministries late last month.

The directive was issued by Chief Secretary to the President and Cabinet, Misheck Sibanda, who said this was in line with the Corporate Governance and Remuneration Policy Framework for CEOs of State enterprises and parastatals, and heads of local authorities.

Cabinet Circular Number 3 of 2014 - dated March 20, 2014 - was addressed to all ministers and permanent secretaries.

Some private media houses have been claiming that the remuneration cap was unlikely to be implemented any time soon because the directive had not been formally communicated.

A senior Government official said yesterday that no government minister should plead ignorance that they were not apprised of the Cabinet directive.
- The Herald
Tags: Salaries, Psmas,


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