Managerial remuneration

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M.NEELU (Querist)
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10 June 2012 plz tell

who will decide managerial remuneration in MNCs,in varoius industries?

giving an example who will set the managerial remuneration criteria,will it become part of AOA?

Regards
CS Executive student

Ajay Mishra

Ajay Mishra (Expert)
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11 June 2012 Hi

The remuneration committee will decide the remuneration of managerial person subject to the approval of Shareholders in general meeting of the Company.

The provisions of remunerations of managerial personnel of Companies Act, 1956 will not apply to private company.

Regards