NPS strengthens supervision of companies that pay high salaries to their executives
- 5 years ago
국민연금, 이사보수한도 올린 기업 '중점 관리'
South Korea's National Pension Service, as a major investor, is strengthening its supervision of companies that have raised the salaries of their executive directors.
The ministry of health and the NPS say the pension service will exercise its voting rights and oppose plans that hurt shareholders or negatively affect the fund's profits.
This includes remuneration that's excessively high based on considerations like the company's size.
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.
South Korea's National Pension Service, as a major investor, is strengthening its supervision of companies that have raised the salaries of their executive directors.
The ministry of health and the NPS say the pension service will exercise its voting rights and oppose plans that hurt shareholders or negatively affect the fund's profits.
This includes remuneration that's excessively high based on considerations like the company's size.
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.