Central Securities boss in Cvetković firing line
PM Mirko Cvetković says the director of the Central Securities Depository could be sanctioned for not implementing government recommendations on pay.
Tuesday, 09.12.2008.
15:25
PM Mirko Cvetkovic says the director of the Central Securities Depository could be sanctioned for not implementing government recommendations on pay. Vida Uzelac is also the chairman of the Central Depository’s Board of Directors. Central Securities boss in Cvetkovic firing line Cvetkovic told a press conference that the government would be looking into why the Central Securities Depository had not implemented the recommendations on salaries for members of the board. He said that the government would call for those salaries to be made public. “A bigger problem than the secrecy of earnings in the Central Depository is how it’s possible, at a time when savings measures are being advocated and recommendations are being given on salaries in the public companies and other state-owned companies, that such high salaries are being dished out,“ said the prime minister. According to B92’s sources, in Novemeber, Uzelac received a salary of around EUR 14,000. The government called for salaries in the public company boards to be brought down in line with the average wage of some EUR 400. The prime minister said that a recommendation would soon be defined on management salaries in the public companies and the conditions for payment of bonuses. He said that bonuses should not be paid out as bonuses for reported profits, but for bringing the companies’ spending down. “The first version of that recommendation, which is being prepared by Public Administration and Local Self-Government Minister Milan Markovic will be looked at today,“ said Cvetkovic. Mirko Cvetkovic (FoNet, archive)
Central Securities boss in Cvetković firing line
Cvetković told a press conference that the government would be looking into why the Central Securities Depository had not implemented the recommendations on salaries for members of the board. He said that the government would call for those salaries to be made public.“A bigger problem than the secrecy of earnings in the Central Depository is how it’s possible, at a time when savings measures are being advocated and recommendations are being given on salaries in the public companies and other state-owned companies, that such high salaries are being dished out,“ said the prime minister.
According to B92’s sources, in Novemeber, Uzelac received a salary of around EUR 14,000.
The government called for salaries in the public company boards to be brought down in line with the average wage of some EUR 400.
The prime minister said that a recommendation would soon be defined on management salaries in the public companies and the conditions for payment of bonuses. He said that bonuses should not be paid out as bonuses for reported profits, but for bringing the companies’ spending down.
“The first version of that recommendation, which is being prepared by Public Administration and Local Self-Government Minister Milan Marković will be looked at today,“ said Cvetković.
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