Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
United Russia lawmakers plan to amend the Labor Code with the view of restricting the so-called "golden parachutes" for presidents of state corporations and organizations with government stakes. The lawmakers' initiative came ahead of the government's. President Vladimir Putin had ordered the government to draw the relevant bill by July 1. If the lawmakers' bill is passed, the leadership of state corporations can count on a compensation worth from three months of salary to annual salary, while directors of companies with government stakes - from three times to 18 times monthly salary. The state corporations welcomed the lawmakers' initiative.
The issue of "golden parachutes" - a compensation paid to top executives of joint-stock companies in case of their voluntary resignation or dismissal - assumed urgency in April, when Rostelecom paid 200 million roubles to outgoing director Alexander Provotorov/ during a conference of the All-Russia People's Front /ONF/, United Russia lawmaker Valery Trapeznikov drew Vladimir Putin’s' attention to the fact that "Russians do not understand such things"/.
Mr Putin ordered Prime Minister Dmitry Medvedev to work out, by July 1, the measures to limit "gold parachutes for the heads of state corporations." However, Mr Trapeznikov and his ONF colleagues in the United Russia faction have beaten the government to it.
The lawmakers are amending the Labor Code with an article which limits the sum of "gold parachutes." For heads of state corporations, it cannot exceed their annual salary, or be smaller than an average three months' salary /provided the official incurs no blame for his actions/inaction/. For heads of organizations with government stakes, the compensation cannot exceed three to 18 months worth of average monthly salary /a company qualifies as an organization with government stake if this stake in its authorized capital exceeds 50 percent/.
Rostelecom, which started the "golden parachute" scandal, set the payment for new company head Sergei Kalugin /appointed in late March/ at 20 million roubles. The "golden parachute" of the outgoing Rostelecom president Alexander Provotorov made up 200 million roubles, i.e. it amounted to his three-year income. If the restrictions had been in force then, the top manager would have received up to 120 million roubles.
Human resources market experts said the proposed restrictions were more than adequate.