Executive income curbs
By Jane Feng |
July 24, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S insurance regulator yesterday introduced new rules to curb incomes of executives to improve performance assessment and risk management.
The performance-based salary should be set at a maximum of three times the basic salary. Also, at least 40 percent of the salary should be deferred for three years to stop executives from seeking immediate profits.
The performance-based salary should be set at a maximum of three times the basic salary. Also, at least 40 percent of the salary should be deferred for three years to stop executives from seeking immediate profits.
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