Media Study - Medija centar Beograd

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consecutive months, or for a period of minimum six months with interruptions in the
course of 12 months;
5. it is established that during his/her term of office he/she has violated the rules on
conflict of interest stipulated herein.
Conflict of Interest
Article 16
The Chairperson and the members of the Managing Board, or any member of
their families or next-of-kin in a direct line of kinship, irrespective of the degree of
descent, or any relative on parents’ side inclusive of the second degree of descent, any
spouse or an in-law inclusive of the first degree of descent, shall not, either directly or
through a third party, have any equity interest, be it as a stakeholder, shareholder,
employee, or person hired on contract or similar, in the companies and organizations
which render telecommunications services, operate telecommunications networks, or
provide telecommunications equipment, nor shall they be in any other way associated
with such a company or organization.
4. Statutes and Other By-laws
Article 17
The Managing Board shall adopt the Statutes of the Agency regulating in detail,
inter alia, the internal organization and the procedure of the Agency.
Pursuant to the Agency’s Statutes, the Managing Board shall adopt other bylaws
including those governing the organization of the Agency departments, and the
number and status of the Agency’s employees, as well as outsourcing of experts.
The Statutes, the rules of procedure of the Managing Board, the by-law
regulating the organization of Agency’s departments, and the decision appointing the
Managing Board Deputy Chairperson shall be adopted, as a rule, by a majority vote of
the total number of the Managing Board members.
The regulations governing the salaries of employees in government authorities
and public services shall not apply to the Managing Board Chairperson and the Agency
employees.
The Government shall approve the Statutes of the Agency.
5. Financing of the Agency
Financial Plan of the Agency
Article 18
The Agency shall be financed in accordance with the financial plan adopted by
the Managing Board for each year.
The financial plan shall determine the total revenues and expenditures of the
Agency, including the contingency reserves, and the elements of relevance for
comprehensive review of earnings and employment policy of the Agency.
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The financial plan shall be adopted not later than 15th December of a current year
for the following year.
The total operating costs of the Agency covered by the financial plan, including
the contingency reserves, may not exceed the actual expenditures of the Agency
necessary for the successful performance of its duties.
The financial plan from paragraph 1 of this Article shall be approved by the
Government.
The financial plan shall be published in the manner stipulated by the Statutes of
the Agency.
The Agency shall have all of its revenue and expenditure accounts audited
annually by an authorized independent auditor. The audited accounts shall be published
not later than three months after the end of the relevant fiscal year.
Should the revenue and expenditure annual accounts of the Agency show a
surplus of total revenues over the expenditures, such surplus shall be paid into the
budget of the Government of the Republic of Serbia, and a part of such surplus, in
proportion with revenues made by the public telecommunications operators which
headquarters are on the territory of the Autonomous Region of Vojvodina, shall be paid
into the budget of the Autonomous Region of Vojvodina, and shall be primarily used for
telecommunications development.
Sources of Financing
Article 19
The revenues of the Agency shall be the funds generated from the fees payable
by public telecommunications operators for the right to build, own or operate public
telecommunications networks or to provide public telecommunications services, for the
use and assignment of radio frequencies, for issued certificates, as well as for costs of
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