The Bank Assets Management Company, or "bad bank", has already made some adjustments, but has failed to amend parts dealing with the payouts of success bonuses.
In its post audit report, based on the audit of the procedures on the setting up and functioning of the Bank Assets Management Company (DUTB), the Court of Audit found that the government did not follow the guidelines concerning executive salaries and has also failed to establish regulations on paid premiums for job complexity.
In the case of the DUTB, the Court of Audit found that annexes to existing contracts were signed, but only for a definite period, as the executive chiefs Torbjörn Mansson, Janez Škrube and Aleš Koršič failed to reach an agreement with the bad bank on the introduction of a wage policy in their employment contracts.
According to the auditors, the DUTB did not annul the articles in the employment contracts of the executive chiefs referring to the variable part of wages. The executives are still entitled to variable parts of wages and payouts which have not been regulated. The new wage policy is to abolish those articles.
The Court of Audit found that the annexes to the employment contracts of executive chiefs Mansson and Škrube envisage no separate articles for the 50 percent premium on top of Mansson’s fixed salary, and no separate article on the 2.000 euro premiums for both executives for the quantity and complexity of their tasks, as the wage policy stipulates. The above-mentioned sums are paid out only by increasing their fixed salaries.
Due to the unclear definition of the sum content, the Court of Audit says one could assume that the executive chiefs deserve any even higher sum, than the sum determined by the government.
G. C.; translated by K. J.