Rhode Island General Laws Title 42. State Affairs and Government § 42-155-5. Executive compensation

(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.