WARSAW: Pay for the bosses of companies in which the state has a stake will be linked to performance under new rules coming into force in Poland on Friday. Wages for bosses of such companies will also be linked to the size of the firm. Under the system in force up to now, pay restrictions applied to companies in which the Treasury owns above 50 percent of shares.
The rules did not apply to firms like giant copper producer KGHM, in which the Polish state owns around a third of shares. Top managers in Poland have drawn flak in the past for being awarded hefty pay cheques even when their firms were performing poorly.
