MoEF "Public Institution Evaluation Committee Members Prohibited from Receiving Compensation from Related Organizations"

From now on, public institution management evaluation committee members are strictly prohibited from receiving any economic compensation from the target institutions. The criteria for appointing evaluation committee members will also be strengthened to the level of the Anti-Graft Act applied to public officials.

On the 5th, the Ministry of Economy and Finance held a Public Institution Operation Committee meeting and announced this through the "Improvement Plan for the Composition and Operation Regulations of the Public Institution Management Evaluation Team."

This measure was prepared as a follow-up to the audit results of the public institution management evaluation system announced by the Board of Audit and Inspection in August. The Ministry of Economy and Finance appoints management evaluation committee members to check the performance of public enterprises and quasi-governmental institutions, but the Board of Audit and Inspection pointed out that some evaluation committee members received monetary compensation from the evaluated institutions.

According to the improvement plan, management evaluation committee members are prohibited from receiving any economic compensation from all target institutions during their term. Previously, evaluation committee members could receive up to 1 million KRW per session as compensation for lectures, but this will now be completely prohibited. They will also be unable to perform advisory roles or attend meetings with allowances. Violations of the regulations will result in immediate dismissal from the evaluation committee. The disqualification period for appointment as an evaluation committee member will be extended from 5 years to 10 years.

The criteria for appointing new evaluation committee members will also be raised. Currently, a person can be appointed as a committee member if the amount received from the evaluated institution does not exceed 100 million KRW over 5 years. Going forward, if a person has received more than 9 million KRW (3 million KRW per year) within 3 years, they will be disqualified from appointment as an evaluation committee member.

In addition, public institutions that submit false verification materials for evaluation committee candidates will receive a score of zero on the ethical management indicator in the next year's management evaluation. To this end, the Ministry of Economy and Finance plans to strengthen the verification of candidate declaration materials in consultation with related agencies.

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