Semi-state firms to offer 'attractive' salaries to CEOs, to 'attract the best candidates'

Public expenditure minister Jack Chambers denied that the report was paving the way for pay increases for CEOs of semi-state companies, but said that it was 'clear that the State may not always be able to attract the best candidates for these critical positions under the current process'. Picture: Sasko Lazarov/RollingNews.ie

The boards of commercial semi-state companies will be able to offer more attractive pay to senior staff in a bid to keep them from the private sector, but will not be able to offer performance-related bonuses.

Public expenditure minister Jack Chambers on Tuesday published the review of remuneration of chief executive officers in commercial state bodies (CSBs) by the Senior Posts Remuneration Committee (SPRC).