Source: : Pregled
Order to public companies to report the amounts of remuneration to top executives
Belgrade
Commissioner for Information of Public Importance, Rodoljub Sabic, ordered the public companies to deliver to the Administrative Board of Serbian Assembly data about salaries and compensations of their management, has been stated yesterday from the Commissioner's Cabinet.The statement quotes that, acting in line with the appeal of Administrative Board, the Commissioner issued decisions for the following public companies: PTT communications of Serbia, Putevi Srbije (Roads of Serbia), Airport „Nikola Tesla“, RATEL, RTS, NIS, NIS Petrol and Republic Water Directorate. „According to the law, those decisions are mandatory and those to whom they pertain are obliged to act accordingly within the set term“, stated Sabic, expressing hope that this is „bringing to an end the procedure, the implementation of which is by itself an absurd thing“.
He reminded that „in case of need“ the Government of Serbia is obliged to secure execution of those decisions.
Administrative Board has requested the information on salaries from the Government, that is, from the Ministry of Finance, and because it didn't receive them it turned to the Commissioner, who has sent the requests to the addresses of those concerned.
Sabic stated that three quarters have delivered the requested data to the Board, and against those who failed to do so the Board has submitted formal appeals to the Commissioner, based on which those decisions have been passed. Reminding that it is about bodies financed from the budget, Sabic evaluated as absurd that the working body of the highest executive power body has to request information that, according to the law, would have to be accessible to anyone, must request them with the Commissioner's assistance.
„In a democratic world, the part of which we aspire to be, it is unthinkable that the public could be deprived of such data. The public should have access to data regarding salaries and compensations of not only the management of the state companies, but also of many private companies“, he stated. Sabic also quoted Recommendation of the European Communities' Commission (2004/913/CE) providing that every company listed on the Stock Exchange should publicize the Declaration on Compensations Policy. „Speaking about publishing the information on individual compensations of managers and members of the Managing or Supervisory Board, in numerical order are quoted not only earnings, but also lump sum payments, fees, monetary shares in profit, compensations in the form of shares, potential pension benefits, even the amounts of the approved loans“, he said.
The European Communities' Commission considers publishing of such accurate, updated information as an important prerequisite for strengthening trust and for improvement of healthy practice of company management, concluded Commissioner for Information of Public Importance. Beta
