The Board, at its thirty-fourth meeting, endorsed the development of a Fund-wide compensation philosophy as the initial step towards establishing a salary structure specific for GCF.
The proposed Compensation Philosophy shall guide compensation decisions with distinct focus to attract, nurture, motivate and retain diverse world-class talent. The information contained in this report is a result of extensive internal consultations as well as specialized knowledge from the consultant. Key guiding principles of the proposed Compensation Philosophy include competitiveness, transparency and predictability, equity, rewards and responsibility and accountability.