Public managers, what changes? Salaries, new selection criteria and income brackets – Corriere.it

New rules are coming for the salaries of executives of unlisted public companies. The details will be defined by a Dpcm, which will address the issue of integrity and professionalism requirements and a decree from the Ministry of the Economy relating to compensation, on which the government is working. Among the innovations is the introduction of 5 salary brackets corresponding to as many brackets of companies controlled by the State, without prejudice to the maximum ceiling of 240 thousand euros for companies in the first bracket, with a production of from two hundred million euros upwards and more than a thousand employees. The other four brackets range from a ceiling of 216,000 euros for second-level managers to a maximum of 120,000 euros for executives of fifth-level companies.

Clean criminal record

Access to administrative and supervisory positions in public companies will be prohibited for all those who have been convicted, even if not definitively, of banking, financial, securities, insurance or corporate crimes, but also for crimes against the public administration, public faith, patrimony or public order, in tax matters or in the case of an irrevocable sentence for any intentional crime, according to what is reported Italy Today.

The required experience

To access the position, managers must have at least three years’ experience in administration or control or management activities in joint-stock companies or have carried out professional activities related to the area in which they will have to operate or have taught legal, economic subjects at university or related to the company’s operating environment. The same applies to the member of the supervisory body who must have three years’ experience as a member of boards of statutory auditors. The president of the board of directors, of the supervisory body, the CEO or the sole director must instead have at least 5 years of experience. In order to guarantee the autonomy of the public company, moreover, those who in the previous year have been ministers, undersecretaries, members of parliament, including European ones, or members of regional councils, autonomous provinces or local authorities with more than 15,000 inhabitants, will not be able to take office.