FINA publishes members' compensation following IOC lead

Fri Apr 17, 2015 6:56am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

BERLIN (Reuters) - The world swimming federation (FINA) on Friday published financial compensation details, becoming the first international sport body to follow the lead of the International Olympic Committee (IOC) earlier this month.

Switzerland-based FINA said top officers, including the president, were volunteers and took no salary but did receive a $400 per diem when traveling in business class this year.

"In answer to the IOC President Thomas Bach and Agenda 2020's call for transparency, FINA...states that the President, the Honorary Secretary, the Honorary Treasurer and the Bureau Members do not receive any kind of indemnity," it said.

"They are considered volunteers and do not receive a salary. Until Dec 31, 2014 they received $300 per diem for the days of travel for FINA business and from Jan 1 $400 per diem. The travel expenses are covered in business class," FINA said in the statement.

FINA said its office currently employed 32 people, including 11 part-time staff, but did not say how many days of travel had been registered for the previous year.

Swimming is one of the most popular sports of the Olympics.

Agenda 2020 is the IOC's reform plan to make the Games more attractive.

The IOC earlier this month published its own compensation policy for the first time following a proposal from its ethics commission to increase transparency within the organization.

The IOC president, who also does not get a salary, is paid a flat annual amount of 225,000 euros ($243,540) to cover his expenses.   Continued...