Are India Inc’s CEOs overpaid? The prime minister raised the issue a couple of years ago; the Companies Act has sought to cap it; the regulators (the Reserve Bank of India and, more recently, the Securities and Exchange Board of India, or Sebi) have voiced their concerns; and proxy advisory firms have been opposing it with unfailing regularity at shareholders’ meetings (since September 2011, Institutional Investor Advisory Services has recommended voting against 39 compensation-related proposals from various companies)...........
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