ST. LOUIS • A few days after a state audit of the University of Missouri System revealed transparency concerns about an incentive pay program for executives, the new system president scrapped the program.

Mun Choi, who joined as system president 10 days ago, announced his decision to terminate the program Friday morning.

The system was given a rating of “fair,” the second-lowest rating on a four-tiered scale, in part because of concerns about the incentive program, which doled out $359,000 in incentive payments and $60,000 in retention bonuses to various administrators during fiscal years 2015 and 2016.

According to the audit, the performance measures varied and the rules were, at times, arbitrary. Missouri Auditor Nicole Galloway said the bonus process relies on broad goals which, “in most cases are based on subjective information to determine if the outcomes have been achieved.”

She also criticized the system for not including those bonuses in the public salary data.