2.8 Further disclosures
All Crown entity spending must meet standards of probity that will enable it to withstand Parliamentary and public scrutiny. To support transparency in the public sector, Crown entities are required to provide information in their annual report on the payments to board and committee members, and payments to some employees, as well as information on any indemnities provided or insurance cover effected.
2.8.1 Disclosure of payments in respect of members and committee members
Statutory requirement: Section 152(1)(a),(b),(d),(e),(f) of the CEA:
(1) The annual report must include, in respect of the Crown entity or, in the case of a Crown entity group, for each Crown entity in the group, —
(a) for each member, the total value of the remuneration (other than compensation or other benefits referred to [below] in paragraph (d)) paid or payable to the member in his or her capacity as a member from the entity … during that financial year; and
(b) for each committee member, who is not a board member…, the total value of the remuneration (other than compensation or other benefits referred to [below] in paragraph (d)) paid or payable to the member in his or her capacity as a member from the entity … during that financial year; and…
(d) the total value of any compensation or other benefits paid or payable to persons who ceased to be members, committee members…during the financial year in relation to that cessation and the number of persons to whom all or part of that total was paid or payable; and
(e) details of any indemnity provided by the entity during the financial year to any member; and
(f) details of any insurance cover effected by the entity during the financial year in respect of the liability or costs or any member,…
In the case of a Crown entity group, the annual report must include the above disclosures for each Crown entity in the group.
