Former Head of State Audit Office Appointed to Supervisory Board of Hungarian Bankholding
Arpad Kovacs, a strategic adviser for Prime Minister Viktor Orban, has been chosen as the successor to Peter Magyar on the Supervisory Board of the Hungarian Bankholding Plc.
(MBH).
The political circles of the governing party were stirred by the scandal that unfolded after President Katalin Novak pardoned one of the individuals involved in a pedophilia case at a Bicske children's home, Endre K. As a result of the scandal, both President Katalin Novak and Minister of Justice Judit Varga resigned from their posts.
Arpad Kovacs, having previously served as the President of the State Audit Office and the Budget Council, has now been invited to join the Supervisory Board and Audit Committee of Hungarian Bankholding Plc. This development was disclosed through an invitation to an extraordinary general meeting noticed by 24.hu. Kovacs' election will be decided at the general meeting scheduled for March 14.
The positions on the committees became vacant following the resignation of Peter Magyar, the former husband of Judit Varga who stepped down amidst the clemency scandal involving Katalin Novak. Magyar was entitled to a monthly honorarium of 1.5 million forints for his membership on the Supervisory Board, while no separate remuneration was provided for the Audit Committee membership.
As reported by hvg.hu, Arpad Kovacs also recently became a member of the covert advisory council designed to provide strategic advice to Prime Minister Viktor Orban on a “wide range of strategic issues.” Calculations by 24.hu suggest that Kovacs could potentially be entitled to a gross monthly honorarium of up to 3.8 million forints due to his two new positions.
The political circles of the governing party were stirred by the scandal that unfolded after President Katalin Novak pardoned one of the individuals involved in a pedophilia case at a Bicske children's home, Endre K. As a result of the scandal, both President Katalin Novak and Minister of Justice Judit Varga resigned from their posts.
Arpad Kovacs, having previously served as the President of the State Audit Office and the Budget Council, has now been invited to join the Supervisory Board and Audit Committee of Hungarian Bankholding Plc. This development was disclosed through an invitation to an extraordinary general meeting noticed by 24.hu. Kovacs' election will be decided at the general meeting scheduled for March 14.
The positions on the committees became vacant following the resignation of Peter Magyar, the former husband of Judit Varga who stepped down amidst the clemency scandal involving Katalin Novak. Magyar was entitled to a monthly honorarium of 1.5 million forints for his membership on the Supervisory Board, while no separate remuneration was provided for the Audit Committee membership.
As reported by hvg.hu, Arpad Kovacs also recently became a member of the covert advisory council designed to provide strategic advice to Prime Minister Viktor Orban on a “wide range of strategic issues.” Calculations by 24.hu suggest that Kovacs could potentially be entitled to a gross monthly honorarium of up to 3.8 million forints due to his two new positions.
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