Govt Limits Participation of Civil Servants in Company Boards
The cabinet adopted on Thursday a decree that prohibits ministers and state secretaries from serving in management and supervisory boards of companies or institutions in direct or indirect majority state ownership, Public Administration Minister Gregor Virant told the press.
The limitations are slightly less restrictive for other civil servants, as they allow them to sit in a maximum of two supervisory boards or councils of public institutions, Virant added after the cabinet session.
The cabinet also reduced the session fees, awards and costs compensations for executive and non-executive board members, added Andrej Sircelj, state secretary for taxes at the prime minister's office.
Membership in supervisory boards of companies, with the exception of regulatory agencies, will net civil servants between EUR 115 and EUR 215 per session, depending on the size of the company, Sircelj said.
Meanwhile, the supervisory board chairman will get 30% more, he added.
According to Sircelj, members of management boards will get between EUR 150 and EUR 500 per session, with the yearly awards capped at 3% of the paid dividends or EUR 15,000 at the most.
The companies must transpose the decrees at the next general assembly or by 31 August at the latest, said Virant.
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