GOC members get £12k pay package

GOC board members have voted to offer favourable remuneration to new Council members who will take up office in April 2009.

Council members are currently paid a daily rate of £270 for attendance at meetings and other committee or working group gatherings. The chair receives an annual honorarium of £35,000.

At a meeting in London last Thursday, it was agreed that an annual honorarium payment package of £12,000 would be offered to future Council members who will be recruited by the Appointments Commission which takes over this responsibility later this year. It was agreed that the annual honorarium for the chair would remain unchanged. Council members were advised that other regulatory bodies would be advertising for council member posts at the same time as the GOC and therefore it was inevitable that applicants would compare the remuneration. It was also agreed that an annual payment package would be advantageous for budget forecasting.