Jersey Competition and Regulatory Authority (JCRA): Executive Director Remuneration Approval

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A decision made 16 December 2014:

Decision Reference: MD-E-2014-0120
Decision Summary Title :	JCRA - Executive Director Remuneration approval (Director)		Date of Decision Summary:	10/12/14
Decision Summary Author:	Strategic Development Officer		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Remuneration approval for JCRA Executive Director		Date of Written Report:	21/11/14
Written Report Author:	Strategic Development Officer		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Exempt - 3.2.1 (a) (xiii).
Subject: Jersey Competition & Regulatory Authority Board remuneration - Executive Director Remuneration approval (Director)
Decision(s): The Minister approves the Director’s remuneration package under powers conferred by Article 5(1) of the Competition and Regulatory Authority (Jersey) Law 2001. The full 2014 remuneration package including salary, pension contributions, etc paid by the JCRA IS £63,375. There is some small measure of variability in this figure for future years as remuneration contains an insurance component which may change slightly.
Reason(s) for Decision: The Minister must determine remuneration of JCRA Board members under Article 5(1). Following the creation of the Channel Island Competition and Regulatory Authorities (CICRA) the JCRA and Guernsey Competition and Regulatory Authority (GCRA) share a combined Board. To facilitate this, the members are appointed to both the JCRA and GCRA Boards. The Director is a CICRA Board member by virtue of the role. Additionally, the Director also supports the GCRA under the CICRA arrangements, and receives an equivalent sum from the GCRA, giving a total salary of £126,750.00.
Resource Implications: The Authority is funded via licence fees and a grant from the department to administer the Competition Law. No additional funding or resources are required as a consequence of this decision.
Action required: Inform the JCRA that the Minister has agreed the remuneration package as above.
Signature: Senator P.F.C.Ozouf		Position: Assistant Minister for Economic Development
Date Signed:		Date of Decision (If different from Date Signed):