Rhode Island § 42-155-5 - Quasi-Public Corporations Accountability and Transparency Act
Full text of Rhode Island Rhode Island General Laws § 42-155-5 — Quasi-Public Corporations Accountability and Transparency Act, with citation guidance and answers to common questions.
§ 42-155-5. Quasi-Public Corporations Accountability and Transparency Act
R.I. Gen. Laws § 42-155-5
§ 42-155-5. Executive compensation.
Each quasi-public corporation shall establish a committee on executive compensation, comprised solely of board members, that shall:
(1) Recommend to the full board the compensation packages of the executive and senior management of the corporation. The compensation package of the executive officer shall be based on a comprehensive and objective analysis of comparable compensation of similar officers of state government, other authorities, quasi-public corporations, and private-sector employees with similar functions and responsibilities. The committee may retain a consultant to assist in the comparability study. When calculating compensation, the committee shall consider the value of the retirement plan in the overall compensation package;
(2) Prepare clear, written job descriptions and clear, written expectations of job performance for the executive officer and senior management;
(3) Conduct the job performance review of the executive officer at least annually; and
(4) Negotiate the employment contract of the executive officer which shall be approved by the full board during an open meeting.
History of Section.
P.L. 2014, ch. 482, § 1; P.L. 2014, ch. 509, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 42-155-5
What does Rhode Island General Laws § 42-155-5 cover?
Section 42-155-5 ("Quasi-Public Corporations Accountability and Transparency Act") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 42-155-5?
A common citation format is "Rhode Island General Laws § 42-155-5" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 42-155-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.