Chief executives of FTSE-100-listed companies earn 117 times the average annual salary, the High Pay Centre and the Chartered Institute of Personnel and Development estimate
The RBI said guaranteed bonus was not consistent with sound risk management
Mid and small companies are more generous in rewarding their CEOs as compared to their larger peers
The new circular also provides for 75% consent by value for a resolution plan to be passed
Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
Corporate chiefs have seen their earnings rise at an annualised 18.3% against net profit growth of 13% over the past three years, while overall salaries have gone up 10%