- The number of FMCs(Family Managed Companies) in India, is much more than abroad.
- The use of remuneration consultants etc to justify pay rarely happens in India
- While appointing family members to executive roles in companies, rarely is a pretense even made of 'merit based appointment'. Instead, succession plan reasons etc are given. Fine, owners have that right I guess. But why pay top dollar in those cases?
Friday, August 5, 2011
Great Offshore-structuring compensation to escape Government approval.
Whenever the Government tries to limit executive pay, self appointed defenders of Indian corporates(academics/media/industry leaders) rally against the intrusion of government into the private matters of companies. What people often forget(while seeking Western type freedom to pay 'top management') is that
Labels: Corporate Governance