This was disclosed by Premier and Minister of Finance, the Honourable Dr. D. Orlando Smith before the House of Assembly on Thursday, September 13. However, there were recent pronouncements and publications of an alleged $350,000 a year salary.
“The terms and conditions of Mr. Bayly’s contract are still being finalised,” the Premier stated, adding that, “The Board of the Recovery Agency is still working on finalising the terms of engagement of Mr. Bayley.”
This, even as the Recovery and Development Plan of the Virgin Islands was introduced in the House of Assembly on Thursday.
The CEO was selected after the shortlisting of 27 applicants, and the decision to contract him was made after considerations of his experience and skills, the Premier emphasised.
Meanwhile, as it relates to the Board, the Premier said he is still contemplating the details of their remuneration.
“Currently, no salary, stipend or any other perks are paid to Members of the Board of Recovery and Development Agency,” the Premier confirmed.
According to Dr. Smith, the matter of salaries, stipends and perks are decided upon based on recommendations made by the Cabinet. However, he declared that no decisions have been made on these matters as yet, but “it is something I am contemplating.”
The RDA Board consists of Chairman Dr. Robert Mathavious, Maria Mays, Clyde Lettsome, Sharie DeCastro, Pastor Gregory George, David Hancock, Monica La Bennett and Clarence Faulkner.
The Agency has a mandate of implementing the Recovery Plan for the Territory when it is approved in the House of Assembly.