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No 'vulgar' pays to CEOs: Khurshid to India Inc
New Delhi, Oct 4: Corporate Affairs Minister Salman Khurshid on Sunday, Oct 4 advised India Inc to refrain from doling out "vulgar" salaries to CEOs.
Salman Khurshid said, "I think when we are working on this (austerity), we can hardly say that we (will) shut our eyes on what salary the CEOs are going to take."
Watch
Video
The
issue
regarding
remuneration
of
company
CEOs
will
be
debated
by
the
Parliamentary
Standing
Committee,
which
is
scrutinising
the
provisions
of
the
new
Companies
Bill
tabled
in
the
Lok
Sabha
in
Aug
2009,
he
said.
"Let's get the opinion of the standing committee (on the Bill), then we will move forward," he said, pointing out that "it's now before the same Parliament that has supported this attitude of austerity ... Let us see what their views are."
"Nothing is to been in isolation. We have to see on what accountability and what responsibility is to be imposed on directors, CEOs of companies. We still haven't taken a final view on whether two persons can be taken as chairpersons and managing directors," the Minister said.
OneIndia News
