IiAS calls for greater clarity in company executive remuneration  

July 4, 2014

The proxy advisory firm also recommended companies set caps on executive remuneration, and limit the range of the board’s powers to decide compensation

Moneylife Digital Team

In India, pay packages for executive directors needs shareholders’ approval. But till now, managements have pushed shareholders to vote on executive director compensation with resolutions that are ambiguous, and effectively provide the board with a large amount of discretionary powers.

To read more on this click here