Disclose CEO pay in perspective of staff salaries: Govt to cos
for the companies doling out huge salaries to their top management, the minister said that he was in favour of a disclosure-based regime, so that the investors can take informed decisions in this regard.
"What we want to tell the companies is that disclose the salaries for top management, but you also disclose how much you pay to your employees.
"I think the government must keep a hands off approach. Our idea is to create a regulatory framework, give them (investors) all the inputs they need without creating a fear psychosis," he said.
"We have to play the role of an enabler. The Ministry of Corporate Affairs should be an enabling ministry and we should not be there to make it more difficult, as it is already difficult for investors as our ranking (in ease of doing business) is very low.
"We want to make it better, easier, competitive. Not just for me or the company but for the millions who get jobs and opportunities. If companies are not opened, how can we create jobs? Government cannot create that many jobs and most jobs come from the private sector. We can't ignore that fact," he said.
