Compensation

To avoid conflicts of interest and ensure the highest ethical standards, it would be necessary and prudent to explicitly state that The Board should be compensated solely through a fixed salary. By doing so, it emphasizes that their compensation is not influenced by the profitability or financial performance of The Board's activities, which is crucial for maintaining public trust and ensuring decisions are made in the best interest of the nation's economic health rather than personal financial gain.

A clear compensation policy would need to be detailed in the legislation creating The Board that outlines the following:

Fixed Salary

Board members receive a set annual salary determined by appropriate public service compensation standards, with no additional compensation tied to performance metrics or financial results.

Transparency

All compensation agreements are made publicly available to ensure transparency and accountability to the citizens they serve.

Prohibitions on Bonuses

An explicit prohibition on bonuses, stock options, or other forms of incentive-based compensation typically associated with the private sector.

No Outside Income

Restrict or prohibit board members from receiving any form of outside income derived from industries they regulate or having financial stakes in businesses that could present a conflict of interest.