remuneration scheme
Public company managers’ remuneration scheme shall include a monthly remuneration that shall not exceed the Prime-Minister’s remuneration. It is set by a Council of Ministers resolution taking into account criteria resulting from the complexity, demand and accountability inherent to the position and also having regard to standard market practices for the activity sector in question.
Public company managers are also entitled to a monthly supplement to the amount of 40% of the corresponding basic remuneration as representation expenses.
The monthly remuneration of public institute board members of special regime in cases in which the respective organic legal texts expressly determine the application of the Public Managers’ Statute shall be set by an order, dully justified and publicized in the Official Gazette, from the Government members responsible for the finance and sectoral supervised areas.
Remuneration Scheme | |||||
President | Basic remuneration | Representation Expenses | Total | ||
% of standard | Amount | % of basic | Amount | ||
Group A company | 100% | 5,966.48 € | 40% | 2,386.59 € | 8,353.07 € |
Group B company | 85% | 5,071.51 € | 40% | 2,028.60 € | 7,100.11 € |
Group C company | 80% | 4,773.18 € | 40% | 1,909.27 € | 6,682.45 € |
Vice-President | Basic remuneration | Representation Expenses | Total | ||
% of president’s remuneration | Amount | % of basic remuneration | Amount | ||
Group A company | 90% | 5,369.83 € | 40% | 2,147.93 € | 7,517.76 € |
Group B company | 90% | 4,564.36 € | 40% | 1,825.74 € | 6,390.10 € |
Group C company | 90% | 4,295.86 € | 40% | 1,718.34 € | 6,014.20 € |
Member | Basic remuneration | Representation Expenses | Total | ||
% of President’s remuneration | Amount | % of basic remuneration | Amount | ||
Group A company | 80% | 4,773.18 € | 40% | 1,909.27 € | 6.682,45 € |
Group B company | 80% | 4,057.21 € | 40% | 1,622.88€ | 5.680,09 € |
Group C company | 80% | 3,818.54 € | 40% | 1,527.42 € | 5.345,96 € |
* Standard amount is the Prime Minister’s gross monthly basic remuneration.