Almost 270.000 euros paid in the first six months for compensation to boards of directors in ten state-owned companies

Of the companies analyzed, only CGES can compete with Rudnik Uglja, which allocated 50.309,05 euros for compensation to members of the Board of Directors in the first five months of this year...

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High director's income: Coal Mine Administration Building, Photo: RUP
High director's income: Coal Mine Administration Building, Photo: RUP
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

In the first six months of this year, the Pljevlja Coal Mine (RUP) paid out 71.752,95 euros in compensation for work on the Board of Directors. RUP and nine other state-owned companies - CGES, Barska plovidba, Institut Simo Milošević, ŽPCG, Montenegro bonus, Pošta, ŽICG, Monteput and Ulcinjska rivijera, paid out 268.096,4 euros in compensation to board members during this period.

According to the amount of compensation paid to the Board of Directors, among the analyzed companies, only Montenegrin Transmission System AD (CGES) can compete with the coal mine, which allocated 50.309,05 euros for compensation to members of the Board of Directors in the first five months of this year.

Dragoljub Krezović, the President of the Board of Directors of RUP, in the first six months of this year, earned 10.401,03 euros in compensation, of which 1.213,35 euros was paid to him for his work on the Compensation Commission.

Member of the Board of Directors Mladen Gogić The compensation amounted to 12.398,13 euros. This amount includes compensation for work in the Compensation Commission, which amounted to 5.245,3 euros.

Dragan Lekovic, a member of the Board of Directors, received 7.152 euros for his engagement in this body.

Milanko Kečina, a member of the Board of Directors, collected by far the largest sum in this period. He was paid a total of 2025 euros for several reasons for the first six months of 23.513,03. In addition to the regular remuneration for work on the Board of Directors, Kečina was paid a salary of 1.943,23 euros in January, and a severance pay for incentive retirement of 13.944,69 euros, and based on a service contract in April and May, he received 1.500 euros each.

Vladislav Mickovic For membership in the Board of Directors and the Nomination Committee during this period, he collected a total of 10.317,13 euros.

In January, RUP paid the December fees to the members of the Board of Directors from the previous term. Milan Lekic received a total of 4.770,34 euros for his work and earnings, and on the same basis Luka Ilinčić 3.200,53 was paid.

At the end of last year, the EPCG Shareholders' Assembly dismissed the previous Board of Directors and appointed a new Board of Directors of RUP, consisting of Dragoljub Krezović, M.Sc. Mladen Gogić, M.Sc. Vladislav Mićković, M.Sc. Milanko Kečina and Dragan Leković.

Six months before that, the EPCG Shareholders' Assembly elected a new composition of the RUP Board of Directors, to which Milan Lekić and Dragan Leković were reappointed, while the new members were Mladen Gogić, Vladislav Mićković and Luka Ilinčić.

Gogić, Mićković and Ilinčić were elected to the Board instead of Dragan Loncar, Milan Gvozdenović i Boban Melović, who were elected as members of the Board of Directors of the largest Pljevlja company just three months ago.

However, Milan Lekić resigned as President of the Board of Directors of RUP in October 2024, after he had an accident with his official vehicle "Infiniti" on Volođina Street in Pljevlja. He was fined 750 euros by the Bijelo Polje Court for causing an accident in Pljevlja while drunk. The accident caused extensive material damage to Rudnik's car.

As "Vijesti" previously wrote, in just nine state-owned companies, around 200.000 euros were paid out for compensation to members and chairmen of the boards of directors between January and June this year. In addition to net compensation, the costs of compensation payments increase by at least 15 percent due to taxes and contributions.

For example, in "Barska plovidba" a total of 15,430,27 euros were paid in net compensation to the Board of Directors from January to May, or 20.573,62 euros gross.

In the first five months of this year, CGES allocated 50.309,05 euros for compensation to members of the Board of Directors.

Five members of the Board of Directors of the "Simo Milošević" Institute in Igalo, from January to June, received a total of 13.847,31.

Members of the Board of Directors of Željeznički prevoz Crne Gore AD, for the period from 1.1. 2025 to 31.5. 2025, were paid 536,29 euros per month, and the President of the Board of Directors received 766,13 euros.

In Montenegro Bonus, the Chairman of the Board collected a total of 6.000 euros in six months (1.000 euros per month), and the members received 1.000 euros in compensation.

The same amount of compensation, as in the Montenegro bonus, was received by the president and members of the board of directors of the companies Post of Montenegro AD Podgorica and Railway Infrastructure of Montenegro AD (ŽICG).

In Monteput AD, for the period from January 1.1 to June 30.6, 2025, the total income of the members of the Board of Directors amounted to EUR 20.130, with the monthly remuneration of the Chairman of the Board amounting to EUR 915, and the members were paid EUR 610 each.

In the Ulcinj Riviera, the biggest difference in compensation between members and the president of the Board Besima Murati, who from January to June received 6.044 euros for his position, while members received 3.022 euros each.

On the other hand, EPCG, CEDIS and Budvanska rivijera rejected requests under the SPI requesting data on compensation for members and the president of the board of directors.

"Vijesti" obtained the data on fees with the help of MANS's "Ask Institutions" application.

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