Deputy Speaker, the question is whether there are any guidelines on remuneration packages for the top officials of parastatals. Yes, there are remuneration guidelines. These were approved by Cabinet in 2007 and apply to both the remuneration of senior executive and non-executive members of the board.
The Minister of Public Enterprises is responsible for the appointment of board members and, in turn, the board appoints members of board subcommittees as may be necessary, including the members of the remuneration committee. The board and that remuneration committee must ensure that the remuneration of executive and non-executive directors is in line with those remuneration guidelines.
However, we have moved on in this world since 2007, and the debate about executive remuneration has become an international debate. So, a further comparative benchmark and exercise has been conducted and is in the process of being conducted to update the guidelines since 2007, and the report will be presented to the oversight committee before being submitted to Cabinet for approval.