INQUIRY INTO EXECUTIVE PAY IN THE PUBLIC
SECTOR—18 JUNE 2009
MEMORANDUM FROM
DR ANNE
WRIGHT CBE, NATIONAL
LOTTERY COMMISSION
As requested by the Committee, please find attached
the details of our Chief Executive's maximum bonus levels and
actual award made each year since the National Lottery Commission
was set up in 1999.
The Chief Executive's current contract, which dates
from 2005, is open-ended. It provides for an annual review by
the Remuneration Committee, on the basis of appraisal of performance
against targets for the year. The Remuneration Committee has discretion
to determine a bonus payment of up to 20%, of which up to 5% can
be consolidated in salary. There is no other provision for salary
increase ie the Chief Executive does not receive the NLC staff
pay award.
In determining the bonus payment, the Remuneration
Committee has regard to the wider economic context, and available
guidance including the HM Treasury affordability guidance, and
pay advice from the sponsor department, within the overall framework
of the Chief Executive's contract.
You will note that this year the Chief Executive
has decided to forgo a part of the bonus payment awarded by the
Remuneration Committee, and also requested that the consolidated
bonus be limited to the amount of the NLC staff pay award of 1.5%.
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