Government asks companies to reveal CEO salaries as against median salaries - December 26, 2012

Amid growing concerns of pay divide between CEOs, Directors and mid-management level employees, Sachin Pilot, the Corporate Affairs Minister has said that companies need to report salaries of both the top management as well as mid-level management.

Amid growing concerns of pay divide between CEOs, Directors and mid-management level employees, Sachin Pilot, the Corporate Affairs Minister has said that companies need to report salaries of both the top management as well as mid-level management. This well help make corrective actions in reducing any pay differences and also removing wrong perceptions if any exist. Currently, according to the government norms a promoter or director cannot receive a salary more than 5% of the company’s profits.

Source: www.financialexpress.com, December 26, 2012. “Disclose CEO pay in perspective of staff salaries: Govt to cos”

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