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

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A decision made 16 December 2014:

Decision Reference: MD-E-2014-0119
Decision Summary Title :	JCRA - Executive Director Remuneration approval (Chief Executive)		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 and Regulatory Authority (JCRA) Board remuneration - Executive Director Remuneration approval (Chief Executive).
Decision(s): The Minister approves the Chief Executive’ remuneration package under powers conferred by Article 5(1) of the Competition and Regulatory Authority (Jersey) Law 2001. The total remuneration package paid by the JCRA is £83,400.
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 Chief Executive is a CICRA Board member by virtue of the role. Additionally, the Chief Executive is also the Chief Executive of the GCRA under the CICRA arrangements, and receives an equivalent sum from the GCRA, giving a total remuneration package of £166,800.
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. However, a proportion of Board members’ fees and salaries are charged back to the Competition Law grant, so over time if these costs rise while grant funding remains static then time spent on competition law matters will reduce.
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):