the Remuneration of the management of state-owned companies can trim the salary of the head of government.
Authorities are discussing the possibility of limiting salaries top managers state-owned companies and state corporations. According to “Kommersant”, the government developed the idea of a ceiling of remuneration at the level of three minimum wages Prime Minister that is no more than 30 million rubles per year. Exceptions are possible only by individual decision of the President of the Russian Federation. According to analysts, this initiative will be harmful for companies operating in market conditions.
the government considered the idea to limit the ceiling of the total annual income top managers state-owned companies, state corporations, and they control the structures level triple the salaries of Prime Minister Mikhail mishustina. Thus, monetary compensation (salary, additional payments and bonuses) should not be more than 30 million rubles per year per Executive officer, told “Kommersant” sources familiar with deliberations at the White house. Exceptions are possible, but to install them personally to the President of the Russian Federation.
One of the interlocutors “b” says that the initiative was discussed in the government since March in the apparatus of the first Deputy Prime Minister Andrei Belousov. There are, however, argue that the agenda of the first Deputy Prime Minister no such issue. Another Kommersant source said that it is a special working group under the leadership of the head of the government office Dmitry Grigorenko. Kommersant’s sources in the companies that could be affected by the new initiative, heard about it, but received no documents.
So, for heads of commercial state-owned companies and companies where the Russian Federation is the sole shareholder, as the KPIs will be revenue growth, net income and market value of the company. For non-approved industry KPI.
RF controls or owns large stakes in more than 40 companies, most of them — 34 — strategic and listed No. 91-R of 2003. How much top managers may lose in the case of the introduction of the new regulations is difficult to assess: the level of their earnings is mostly not disclosed, and the reporting companies indicate only the General size of payments to executives. But in most cases the remuneration clearly exceeds 30 million rubles a year.
So, for example, “Rosneft” in 2019 spent on payments to the Board of 3.57 billion rubles., “Gazprom” — 1,5 billion rubles., OAO RZHD — 2,7 billion RUB (including a three-year reward), Transneft (the Board and the Board of Directors) — 2.34 billion RUB., “Aeroflot” (the Board and the Board of Directors) — 2,138 billion rubles., the smallest costs of the Board of “Russian grids” — 273 mln.
Now governed by salary Chapterin the Pension Fund, social insurance Fund and obligatory medical insurance Fund — their monthly remuneration may not exceed ten average monthly salaries of the employees of these organizations.
“Rosneft”, “Gazprom”, “Gazprom” and “Aeroflot” have refused comments. In the “Transneft”, “Kommersant” reported that unfamiliar with the initiative. Another source of “Kommersant” notes that “state-owned companies and state corporations are commercial structures, where high performance is not proper to regulate wages”. In “assistance” did not answer “y”, “RusHydro” and “Rosatom” comments are not provided.
the “Russian grids” reported that the remuneration of the members of the Board of the company, included in its composition after September 2017, in 2019 the average was on the level. “In the case of a decision on limiting the level of compensation we will act strictly in accordance with the acts of the government,” the company says.
the Head of the Board of Directors TopContact Arthur Shamilov considers that for state-owned companies competing in the market, such as “Gazprom” and “Rosneft” this initiative is harmful because regulation from above can destroy their value, and to violate the rights of other shareholders. “In order for a company to succeed, its top management should be a competitive salary to attract highly qualified personnel. Professional management must be adequately motivated by,” he believes, stating that comparable-sized American companies, the level of wages of management staff is higher than that of the Russian.
Managing partner at Winner Partners Grigory Okun notes that, on the one hand, top managers state-owned companies are at the service of the state and to pay him too high wages — it means to spend taxpayers ‘ money. However, if a company competes not only locally but also at the international level, we must attract highly qualified personnel, who are more expensive. In European countries, the expert adds, for income top managers established progressive tax rate: the larger it gets, the more goes into the budget.
Tatiana Woodpecker, Dmitry Kozlov
