FACIAS' demands for transparency and accountability in the use of public funds have prompted Transelectrica's management to reject the proposed increase in the allowances of members of the Supervisory Board. In a year marked by fiscal austerity, during which citizens are being called upon to shoulder tax increases and economic restrictions, FACIAS deems any unwarranted increase in the incomes of those in management positions to be a flagrant disregard for fairness and administrative accountability.
In early January 2025, FACIAS submitted a formal request to Transelectrica, enquiring about the transparency of remuneration and financial benefits allocated to members of the Supervisory Board. The request encompassed details regarding gross compensation and benefits granted in 2022, 2023 and 2024, the criteria employed for their determination in 2025, and data concerning the company's net profit for the preceding three years.
In its official response to FACIAS, Transelectrica informed that the General Shareholders' Meeting (AGM) decided, at its meeting of 15 January 2025, to reject any proposal to increase the compensation for 2025. Official documentation reveals that in 2024, the gross monthly remuneration of members of the Supervisory Board increased from 17,926 lei (January-February) to 28,233 lei (March-December).
FACIAS has highlighted a curious paradox in the 2024 compensation increase for members of the Supervisory Board, noting that this occurred in the context of a substantial decline in net profit. According to the official response received by FACIAS, Transelectrica's net profit experienced a notable decrease, from 515 million lei in 2022 to a mere 214 million lei in 2023.
FACIAS emphasizes that, in a year in which taxpayers are suffering tax increases and economic restrictions, solidarity must also be shown by those in positions of leadership. FACIAS will continue to monitor the activities of state-owned companies, demanding transparency and accountability to prevent abuses and ensure that the public interest is protected.