Council needs to fast-track rail before gridlock
First train ride re-enacted for Queensland Rail's 150th birthday
Nambour a better option: Woombye anti-rail stabling group
South west Queensland pushes for more rail services for cattle
Tilt Trains set for a major overhaul
Ipswich celebrates heritage at Rail Museum on Open Day
Two rail lines earmarked for northern Australia
The $55.8 million dual gauge rail line from Acacia Ridge to Bromelton remains unfinished
Police investigate if fallen powerlines on Gold Coast train line work of vandals
Sourcing critical railway upgrade funding needs cool heads and smart solutions
QUEENSLAND Rail’s board is yet to decide whether to lift a two-year freeze on millions of dollars in executive bonuses weeks after the payments are usually dealt with.
QR last month told The Courier-Mail a decision on whether to pay out $7.3 million in executive bonuses was yet to be made by the board, which would meet by October 31.
It refused to provide the meeting date and board chair David Marchant did not return calls.
The board is responsible for approving bonuses and advising QR’s shareholding ministers, who can veto the payments via a ministerial direction.
A QR spokesman told the newspaper late on October 31 that the board had met but the 2018-19 bonuses were still to be determined. There was no change as of yesterday.
The decision is weeks behind previous years, when bonuses were decided in early to mid-October.
Bonuses are traditionally a vexing issue for QR’s board caught in the tug-of-war between public expectations and corporate key performance measures written into contracts.
They have been frozen for the past two years due to the ongoing train driver shortage.
QR’s board and shareholding ministers first agreed to cancel bonuses for 2016-17 after criticism a year earlier about the money hitting executives’ bank accounts the month ‘Rail Fail’ struck.
This article first appeared on www.couriermail.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.