IOC publishes compensation policy, seeks transparency
By Karolos Grohmann
BERLIN (Reuters) - The International Olympic Committee published its indemnity policy for the first time on Thursday following a proposal from its ethics commission to increase transparency within the organization.
In an unprecedented move for an international sports organization, the IOC said it had approved the IOC Ethics Commission's proposal and demand to make it public as part of its Agenda 2020 reforms process.
The announcement will no doubt pile pressure on other sports organizations, including world football's governing body FIFA, which has staunchly refused to publish the salaries and bonuses of top staff including under-fire President Sepp Blatter, also an IOC member.
The IOC Ethics Commission, which had urged the IOC to immediately publish its approved compensation policy also called on other Olympic sports organizations to follow suit.
Under the policy, the IOC president, who does not get a salary, will be compensated with a flat annual amount of 225,000 euros ($243,540) to cover his expenses.
"According to the obligations and rights attributed to him in the Olympic Charter, the IOC President has the function of an Executive President. Therefore, the President is on a mission for the IOC 365 days a year," the Ethics Commission said.
"The President will receive neither the fixed annual support nor the daily indemnity related to all commission meetings or other missions that he is entitled to as IOC member," it said.
"Instead of this, to cover some of the President's personal costs related to the execution of his function, the ethics commission is fixing a single annual fixed amount linked to inflation of Euro 225,000 -- as indemnity." Continued...