of September 11, 2013 No. 524
About some questions of compensation
Based on subitem 1.2 of Item 1 of the Presidential decree of the Republic of Belarus of May 15, 2008 No. 271 "About some questions of regulation of activities of banks", the paragraph of the seventh 34, parts one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: Article parts six
1. Approve the Instruction about procedure and conditions of payment of remuneration following the results of work for accounting year or annual bonus it (is applied).
2. Determine that:
2.1. banks are developed and approve the local legal acts concerning compensation providing procedure for establishment of the amount of compensation of workers including heads, depending on results of financial and economic activities of bank and accomplishment of indicators of its activities taking into account requirements of the legislation on work, and also the legislation regulating banking activity concerning corporate management;
2.2. the coefficient of ratio of the average salary of the head of bank and the average salary on bank in general (further – coefficient) is established by authorized body of management of bank according to the legislation on work.
Concerning employees of bank the coefficient cannot exceed coefficient of the ratio established according to the legislation on work for the head of bank taking into account the requirement of part four of this subitem. The coefficient size for employees of bank is established according to local legal acts of bank, except for coefficient for the deputy manager, the chief accountant who is established by authorized body of management of bank.
The actual coefficient is calculated on bank in general the accruing result since the beginning of accounting year according to the legislation on work.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.