Ensuring transparent and uniform rules of shaping remuneration of members of supervisory boards and management boards of the Treasury – is the goal of the project was taken by SMEs, which on Thursday accepted the Standing Committee of the Council of Ministers.
The salaries of managers of companies with the Treasury will be lower, depending, among others, by company size, income and investment objectives, as well as open – PAP said the head of the MSP Dawid Jackiewicz.
He estimated that companies in this way can save nearly 60 million zł per year.
on Thursday, the Standing Committee of the Council of Ministers adopted a draft on the principles of shaping remuneration of persons managing certain companies.
the Government will deal with salaries in the companies treasury on Tuesday
the treasurer PAP said that the government plans to deal with this project next Tuesday. “We would like the legislative process completed quickly. We are aware of how much irregularity is supervised by our companies due to a lack of regulation, as well as how much is expected from the public,” – he stressed.
the government wants to organize salary in companies tax
Head of Treasury noted that the current law chimney does not include most of the largest companies of the Treasury, including PZU, KGHM and PKN Orlen.
̶ Orders only a small fragment of reality, that only companies in which the Treasury is above 50 percent. action. We want to organize the whole area – both smaller and large companies – concerning the salaries, bonuses, severance, non-competition, any kind of privileges they received so far members of the management and supervisory boards – stressed, pointing out that so far the celebrated law chimney using management contracts.
Salaries will be determined at the general Meetings
̶ Salaries will be determined by the general meeting, where representatives of the Treasury will be obliged to vote in accordance with the law. Thanks to this legislation will be covered by companies in which the Treasury is below 50 percent. “- Explained the Minister of the Treasury.
Speaking of pathologies in rewarding CEOs, noted that a member of the board of a small company can earn as much as CEO of a large, strategic for the economy state-owned company. “This is absolutely wrong principles, because it is after all a huge difference in taking responsibility for the company worth several billion zlotys, and the company is worth several dozen million zlotys. Therefore diversity of earnings of managers is necessary, because only then we can establish a socially equitable way of remuneration, adequate to the size of the company and the challenges facing “- he argued.
Changes to clamp state-owned companies and municipal governments
He explained that the project concerns: companies of the Treasury, municipal, and local government belonging to other companies. “Remuneration of the members of the board will be established in a transparent, clear, but will also lower than the previous an average of 50 percent. “- he said.
Where will depend on the salary
Head of SMEs indicated that they will depend on the size of the company, number of employees or revenues. “Compensation will consist of a fixed part, resulting from performing their duties and moving, that is a bonus. We set the fork to the basic salary, which will depend on the size of the company, “- he said. In the case of micro-enterprises is to be 1-3 times the average salary, and the company’s small, medium, large,” big plus “, respectively, 2-4 times; 3-5 times, 4-8 times, 7-15 times.
the bonus depends on the performance of the company
In turn, the premium shall depend of the company’s investment objectives achieved. “Today bonuses are paid in a manner almost discretionary. Now, the grant will depend on the objectives of management, “- he stressed.
will clear objectives for companies
The bill identified nine such objectives: increase in profit net; increase the volume of production and sales, the value of revenues, in particular from the sale of operations, reduce losses, lower management costs, or the cost of its operations, implementation of the strategy or plan of reorganization; achievement indicators, in particular profitability, liquidity, management effectiveness or solvency, implementation of the investment, taking into account the scale, rate of return, innovation, timeliness of implementation.
Awards will not be discretionary
Head of Treasury announced, moreover, that the awards for members of the board will not be discretionary. “the supervisory board will not be able to recognize that the president of the company should be – no matter what its financial condition – a few hundred thousand dollars a year. If the board wants to establish a premium for the members of the board must indicate criteria, investment objectives that must be achieved, “- he explained.
It has to be less non-wage benefits
“We want to eliminate also all kinds of privileges. For example, health insurance, housing at the expense of the company or a company car for private purposes. This applies especially to large companies of the Treasury, where occurred the most abuse. If there monthly salary amounts to tens of thousands of zlotys net, I think CEOs and board members can afford to pay 1.5-2.5 thousand. zł for renting an apartment, “- he argued.
check – not more than three times the salary
The bill – he stressed – also regulates issues concerning the termination of the contract. “often, that establishes the prohibition of competition for members of the board for a period of eighteen months, while these persons do not have any expertise, which would justify the ban. It was an extra for these bonus – severance pay, which amounted to hundreds of thousand “- he said.
The treasury minister said further that the” severance managers will not be able to exceed three times their salary provided overwork minimum year in a company “.
Other rules for the liquidators of companies
the bill also applies to the liquidators of companies with the Treasury.” So far, they lasted a dozen years. In the project define a constant level of salary, bonus and want to pay for the effective completion of the liquidation, the date agreed upon with the owner, “- he stressed.
New rules for remuneration of members of supervisory boards
project also regulates the remuneration of members of supervisory boards, which now – as pointed out by the head of the MSP – are the same for all operators, irrespective of their size. “Do not cross the current level. The possibility of higher wages by 10 percent. will be only the chairman of the supervisory board or the audit committee, for example, “- he explained.
As he said,” the remuneration of members of supervisory boards are correlated with a fixed salary of board members. “” This has profound reasons. In addition, differentiation of remuneration of members of supervisory boards, in particular, is important for public companies. Work on the board of a large company can provide up to 30 percent. time board member. We want to professionalise supervision “- he stressed.
Presidents without the right to sit on the supervisory boards of subsidiaries
Treasury Minister also informed that the bill prohibits presidents owned companies State reaping additional remuneration sit on the supervisory boards of subsidiaries, ie subsidiaries and associated wnuczkach. “it reflects on whether such a ban should also concern the supervisory boards of other companies. In the past, abused, they replaced the supervisory boards. Perhaps such a provision will be, for example, in the future anti-corruption law, “- he stressed.
” The new remuneration system will improve the quality of management companies, which will improve their results with a profit for the Treasury and other shareholders. We believe in transparency. Any departure from the law will have to be made public together with the justification. The presidents of the largest companies have the right to earn adequately to their work, and the Poles have a right to know about it. There is no way of determining earnings in the shelter offices “- summed up the head of the MSP.
PAP, jk
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