The Finance Ministry proposes to minimize bonuses to top managers of troubled banks

13 January 2014, Monday
Top managers of the rehabilitated banks could void bonuses payable to them and the size of the severance pay - cut to the minimum established by the Labour Code. 
Consequential amendments to the Law "On Insolvency (Bankruptcy)" prepared by the Ministry of Finance of Russia, published the text of the bill on a single portal of information disclosure. 
Finance Ministry proposes not to include the average wages of managers and owners of banks in the calculation, in respect of which the financial recovery procedure, the additional incentive on " bonuses and allowances, bonuses and other incentive payments ."
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