The general position which applies, under statute, in relation to the remuneration of chief executives of State bodies is that it is determined by the relevant board with the approval of the Minister directly concerned and the consent of the Minister for Finance.
With a few approved exceptions, the authorised rates of remuneration are those recommended by the Review Body on Higher Remuneration in the Public Sector. These rates are recommended by the review body on the general basis that they cover salary and all other benefits, apart from superannuation and expenses arrangements approximating to those applying in the Civil Service, and that if additional benefits are provided the recommended rate should be reduced by the value of those benefits. That is the basis on which the recommended rates have been accepted by the Government and approved for implementation.