This audit would assess the effectiveness of governance arrangements for executive remuneration in selected government business enterprises (GBEs). It would examine the basis on which performance targets are set and measured and provide assurance that they are set at reasonable levels.

The Public Governance, Performance and Accountability (PGPA) Rule 2014 has standardised and transparent arrangements for disclosing the remuneration of key management personnel in GBE annual reports. GBEs are required to disclose information on policies and practices that set out their governance and the basis on which remuneration is determined. Remuneration arrangements, including allowances and entitlements, are set by the board of each GBE.

Work program portfolios

This potential Performance audit is featured in 2 annual audit work program portfolios: