Transparent norms for compensation packages, where public funds are involved (Here no need to get confused about the meaning of public funds- Organisations dependent on funds from public, whether as tax or as share capital contribution or as deposits as in the case of financial institutions including banks are all handling public funds and have only ‘Trusteeship’ rights on the resources) need to be evolved. Thank you Moneylife for exposing the absence of any norm in this area.
- M.G.Warrier
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