The ceiling where the payment is taken from has grown …
“Rosbank” after the change of owner decided to increase remuneration to members of the board of directors.
According to the new decision, each independent director will receive 7.8 million rubles a year, in proportion to the time he performs these duties, and 1.2 million rubles will be accrued to each head of the committee of the board of directors, the correspondent reports. MorningNews.
In addition, all members of the board of directors are entitled to reimbursement of expenses.
Last year, the remuneration for the only independent director, Didier Ogel, was set several times lower, only 18,000 euros.
In the spring of this year, the Societe Generale Group sold Rosbank to Vladimir Potanin’s Interros, and only at the end of June did the first meeting of shareholders of the credit institution take place. The press service of the bank noted that the amount of remuneration to independent members of the board of directors was determined in accordance with market conditions.
According to the head of the board of directors of Top Contact Artur Shamilov, boards of directors pay an average of 6-12 million rubles a year.
Olga Selivanova, chief executive officer of Magnum Hunt Executive Search, added that before the current crisis, the amount of compensation for an independent member of the board of directors of a foreign or Russian bank ranged from 100 to 200 thousand dollars a year.
It should be noted that the meeting was held after the UK imposed sanctions against Vladimir Potanin and Rosbank itself. On June 30, London imposed sanctions, and already on July 1, Clearstream blocked a correspondent account with Rosbank.
After the imposition of sanctions, London gave 30 days to curtail all operations involving Rosbank, as well as organizations owned and controlled by it. The general license is published on the website of the British government.
Sanctioned banks are finding it increasingly difficult to find independent members on boards of directors, the newspaper cites an expert opinion. In this regard, the increase in rewards does not surprise anyone. It is known that in one of the Russian banks the remuneration of members of the board of directors increased from 7.7 million to 9.3 million rubles.
Experts believe that, despite the imposition of sanctions, Russian banks will strive not only to maintain, but also to increase the level of income of their managers.
When buying Rosbank, Potanin promised to maintain the stability of Rosbank. He called the integration of digital technologies and products into traditional banking services a priority in the bank’s business.
The press release stressed that the bank would remain Societe Generale’s preferred partner in Russia. The company did not disclose the amount of the transaction, but Kommersant’s sources said that the transaction amount would be only 0.2-0.3 capital, that is, 40-60 billion rubles, and the settlement would be made in money from the businessman’s foreign accounts or companies controlled by him.
Recall that this is not the only asset acquired by Vladimir Potanin during the wave of sanctions against Russian politicians, businessmen and companies.
At the end of April, Interros agreed to buy a 35% stake in TCS GroupHolding, the parent company of Tinkoff Bank. Such a share belongs to RigiTrust, which is controlled by the bank’s founder Oleg Tinkov and his family. The parties also did not disclose the amount and other terms of the deal.
Interros has previously been a shareholder of Rosbank. In December 2011, VTB Capital received an 11.13% stake in Rosbank as a result of a deal with Interros. In December 2013, VTB sold its stake to Societe Generale.
In April 2014, Societe Generale bought another 7% of Rosbank’s assets from Pharanco Holdings registered in Cyprus and consolidated 99.95% of Rosbank.