What compensation for Steven Vanackere if he were to leave the National Bank?

After tough negotiations

It is clear that nothing will be decided until there is a new government. And the negotiations promise to be tough. Even if, a priori, there is no reason for Steven Vanackere to be sidelined. Indeed, the one who is preparing to be a father would be in the favor of the CD&V at a time when the Flemish Christian Democrats seem essential for the formation of the federal government.

Steven Vanackere’s mandate at the National Bank not renewed on time by Vivaldi

While waiting for this possible appointment, Steven Vanackere has been unemployed since January 2. He is replaced by Pierre Wunsch for the skills assigned to him (in particular the supervision of financial markets). Which means that he is not entitled to one euro of salary. “The members of the BNB management committee are not permanent employees of the Bank. They serve a six-year mandate, renewable until retirement age, and their remuneration is determined on the basis of this mandate. As Steven Vanackere’s mandate expired on January 1, he will not receive the salary provided for as part of his mandate from January 2.”explains the BNB press service.

We learned that the expiration of the vice governor’s term caused the Council of Regency to discuss severance pay recently. What the press service confirms to us. It is up to us that this compensation, which is paid to the person concerned on a monthly basis, up to one twelfth each month. could (largely) exceed 500,000 euros gross.

Pierre Wunsch (BNB): “There is no room for a salary increase”

Without making the slightest comment on the amount mentioned, the press service justifies this compensation by recalling that “Directors who end their term before 67 must respect a so-called ‘cooling off’ period. Indeed, for a period of one year, a director cannot exercise a mandate in the financial sector. The remuneration is there above all to compensate for this ‘cooling off’”.

The Council of Regency is currently chaired by Claire Tillekaerts, the boss of Flanders Investment&Trade. There are also representatives from the economic and social world (employers, unions, etc.).