Ministry of Finance has decided bonuses can only be given to employees working at state-owned enterprises following a declaration from the annual general meeting.
In the policy published by finance ministry, the bonus should not exceed the 3 percent allocated to be distributed among the shareholders. The policy outlines if the company decides not to disburse shares, the employees will not be subject to receive the bonus. Further, the amount to be distributed as bonus should be approved at the annual general meeting.
Moreover, if the government holds 100 percent of the share at a state-owned enterprise, bonus can be distributed after a written approval from finance ministry.
The aim of the policy is to facilitate a common standard when state-owned enterprises distribute bonuses, according to finance ministry.