A WA parliamentary question seeks clarification on whether senior Water Corporation executives have performance-based incentives tied to asset value or profit increases. The Minister's response indicates no such clauses exist.

AnsweredQoN 312Legislative Council
Asked
11 May 2004
Portfolio
Government Enterprises

QuestionView source ↗

Will the minister please advise whether any salary package of any senior executive employed by or contracted to the Water Corporation incorporates clauses incentifying him or her to assist in raising or increasing the asset value or profit of the Water and Rivers Commission? Hon NICK GRIFFITHS

AnswerView source ↗

I thank the honourable member for some notice of this question. I found the language interesting. The Water Corporation advises that no senior executive of the Water Corporation has a clause incorporated in his or her contractual arrangements “incentifying” him or her to assist in raising or increasing the asset value, or profit of the corporation.
Hon NICK GRIFFITHS replied: I thank the honourable member for some notice of this question. I found the language interesting. The Water Corporation advises that no senior executive of the Water Corporation has a clause incorporated in his or her contractual arrangements “incentifying” him or her to assist in raising or increasing the asset value, or profit of the corporation.
I thank the honourable member for some notice of this question. I found the language interesting. The Water Corporation advises that no senior executive of the Water Corporation has a clause incorporated in his or her contractual arrangements “incentifying” him or her to assist in raising or increasing the asset value, or profit of the corporation.
The Water Corporation advises that no senior executive of the Water Corporation has a clause incorporated in his or her contractual arrangements “incentifying” him or her to assist in raising or increasing the asset value, or profit of the corporation.

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