CEO salary issue
New Delhi, Sept. 5: Salaries of chief executives should be capped and shareholders should have a say in managerial remunerations, a parliamentary panel on the new companies bill has suggested. It has asked the corporate affairs ministry to develop a “rational formula” for managerial remunerations. “The committee is of the view that an overall outer ceiling on managerial remuneration may be prescribed,” said the parliamentary standing committee on finance.
Mumbai, Sept. 5: The National Stock Exchange is gearing up to launch mobile trading through nearly 800 registered brokers in early-October, an NSE official said. At present, only 10-15 big brokers, who have the infrastructure, offer mobile trading though at very high costs.
Mumbai, Sept. 5: Concerned over firms keeping under wraps their bad credit ratings and publicising only the favourable ones, Sebi is mulling ways to curb this “rating shopping” menace.
New Delhi, Sept. 5: Industry association Assocham has said India may miss the $200-billion export target for 2010-11 because of the sluggish demand in Europe, contrary to the government’s assertion of meeting the target.
New Delhi, Sept. 5: Insurance watchdog Irda will set up a centralised grievance redressal mechanism to ensure that the problems of customers in the life and non-life sectors are addressed in a time-bound manner.