Decode with multiple column sub query

Dear's
What is the wrong with the query
select * from common_master
where
(company_code,lpad(rtrim(ltrim(bu_code)),12,' ')) IN
decode ('ADMIN','ADMIN',(select company_code ,lpad(rtrim(ltrim(bu_code)),12,' ') from common_master )
,(select company_code ,lpad(rtrim(ltrim(bu_code)),12,' ') from user_system_privs) )
The error message as
Error starting at line 16 in command:
select * from common_master
where
(company_code,lpad(rtrim(ltrim(bu_code)),12,' ')) IN
decode ('ADMIN','ADMIN',(select company_code ,lpad(rtrim(ltrim(bu_code)),12,' ') from common_master )
,(select company_code ,lpad(rtrim(ltrim(bu_code)),12,' ') from user_system_privs) )
Error at Command Line:18 Column:53
Error report:
SQL Error: ORA-00920: invalid relational operator
00920. 00000 - "invalid relational operator"
*Cause:   
*Action:
Dennis

You can club the columns in where clause and in decode
like
select * from common_master
where
(company_code || lpad(rtrim(ltrim(bu_code)) || to_char(12) ||' ') IN
( select decode ('ADMIN','ADMIN',company_code || lpad(rtrim(ltrim(bu_code)) || to_char(12) || ' ') from common_master ),
,company_code || lpad(rtrim(ltrim(bu_code)) || to_char(12) ||' ') from user_system_privs) )
HTH,
~Yogesh

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    01-Jan-2000 00:00:00          WEBSITE                 1             1
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    01-Jan-1999 00:00:00          WEBSITE                 1             1
    01-Jan-1999 00:00:00          DIRECT_MAIL             3             2
    01-Jan-1999 00:00:00          PRESS_RELEASE           4             3
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    27            ,DENSE_RANK() OVER (PARTITION BY cyear ORDER BY num_media DESC) dense_ranking
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