New Regulations on Term Bonuses for State-Owned Enterprise Controllers

Duy Thinh

13:53, 11/07/2024

The Ministry of Finance promulgates Circular 97/2017/TT-BTC guiding the establishment, management of salaries, remuneration, and bonuses for the Head of the Board of Supervisors and Supervisors at single-member limited liability companies wholly owned by the State.

Compared to the previous regulations, Circular 97 provides more specific regulations regarding the payment of term bonuses to the Head of the Supervisory Board and Supervisors of wholly state-owned single-member limited liability companies. To be specific::

- In cases where the Head of the Supervisory Board and Supervisors are evaluated as having excellently completed or completed their tasks during the years of the term, they are entitled to the full amount of the bonus set aside in the bonus fund.- In cases where, in any year of the term, they are evaluated as not having completed their tasks, they are entitled to 50% of the bonus.- In cases where, for 2 years or more of the term, they are evaluated as not having completed their tasks, they are not entitled to the term bonus.

For detailed information, see Circular 97/2017/TT-BTC, which took effect from October 20, 2017, replacing Circular 221/2013/TT-BTC.

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