NPS strengthens supervision of companies that pay high salaries to their executives
- 5 years ago
South Korea's National Pension Service is strengthening it supervision of companies that have raised the salaries of their executive directors.
According to the Ministry of Health and Welfare and the National Pension Service Tuesday, the NPS will exercise its voting rights and oppose company agendas that hurt shareholders or negatively affect the fund's profits.
This includes remuneration that's excessively higher than the company's size or management.
According to Chaebul.com, around 300 registered executives at South Korea's top ten business groups received an average salary last year of around one million U.S. dollars.
According to the Ministry of Health and Welfare and the National Pension Service Tuesday, the NPS will exercise its voting rights and oppose company agendas that hurt shareholders or negatively affect the fund's profits.
This includes remuneration that's excessively higher than the company's size or management.
According to Chaebul.com, around 300 registered executives at South Korea's top ten business groups received an average salary last year of around one million U.S. dollars.