• Українською
  • Government bans bonuses and rewards to management of SOEs
    Information and Communication Department of the Secretariat of the CMU, posted 18 July 2018 12:16

    The Cabinet of Ministers of Ukraine has banned the payment of bonuses and rewards to managers of state-owned companies. The decision was presented by the Prime Minister of Ukraine Volodymyr Groysman.

    He stressed that salaries of managers should be decent, but "greed and sky-high bonuses" must never be agreed and supported.

    "We have to understand that state companies belong to the Ukrainian people", said Volodymyr Groysman.

    The PM highlighted that serving the state is a challenge. And here it is important to defend the Motherland, to work for benefit of the country.

    "I must put the lid on this matter: I respect the independence of corporate governance and supervisory boards, but I suggest to face the reality", the Prime Minister urged.

    Background

    According to the Government’s decision, Resolution of the Cabinet of Ministers of Ukraine of May 19, 1999 No. 859 "On the conditions and amounts of remuneration of labor of managers of enterprises based on state, municipal property and associations of state enterprises" is supplemented with the following paragraph: "It is prohibited the payment of remuneration (bonuses) to heads, deputy heads of enterprises in case of non-approval (non-compliance) in the established by the legislation order of the annual financial plan".

    Government bans bonuses and rewards to management of SOEs