International Internet Magazine. Baltic States news & analytics
Wednesday, 19.06.2013, 16:20
Supervisory Board of Eesti Energia refuses to escalate CEO's salary
According to the proposal, Liive's salary should be increased up to 20,000 euros a month due to the fact that managers' wages were last time improved six years ago, writes LETA.
At present Liive is making 11,319 euros a month.
The supervisory board decided to reject the proposal because the majority of the board said that the changes that had taken place in the company did not justify such a rapid increase in management board salaries.
As reported, a non-profit organization Baltic Institute of Corporate Governance (BICG) stated in a study launched in mid-May that the governance of Eesti Energia is the best among fully state-owned companies in the Baltic States.