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FIIs: FIIs take cautious stand on CEO compensations


FIIs take cautious stand on CEO compensations
Last month, Sebi made voting on corporate resolutions compulsory for mutual funds (MFs). Sebi has asked other institutional investors to follow a ‘transparent’ Stewardship Code in order to be truly accountable to their clients and beneficiaries.
Synopsis
In the past four weeks, institutional investors in companies such as Nippon Life India Asset Management, La Opala RG, InterGlobe Aviation, Varun Beverages and Sundram Fasteners have voted against resolutions on executive pay.
MUMBAI: Institutional investors seem to be taking an increasingly cautious view of chief executive compensation. In the past four weeks, institutional investors in companies such as Nippon Life India Asset Management, La Opala RG, InterGlobe Aviation, Varun Beverages and Sundram Fasteners have voted against resolutions on executive pay. ....

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Under Armour's CEO Was "Broke" After Year One. Here's What Happened Next.


Opinions expressed by
Entrepreneur contributors are their own.
In 1995, Kevin Plank founded Under Armour after dreaming of a non-sweaty T-shirt while working out on his football team. The inspiration is classic startup fodder… but one year in, it wasn’t going so hot.
Plank had $43,000 in personal debt after spending his life savings and $40,000 on credit cards to get the company off the ground. In its first year, Under Armour made a pithy $17k in sales. Fast-forward 15 years to 2010, and Under Armour saw its first billion-dollar sales year. At one point, the company had 26 consecutive quarters of 20% year-over-year revenue growth or more. ....

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Opinion: For all their fine words, CEOs aren't sharing the Covid pay pain


Opinion: For all their fine words, CEOs aren t sharing the Covid pay pain
21 Apr, 2021 08:00 PM
5 minutes to read
OPINION:
We are all in this together, corporate bosses told us last year as they promised to forgo parts of their salaries or bonuses in recognition of the havoc wreaked by Covid-19.
By the end
of last June, 502 US listed companies, 17 per cent of the Russell 3000, had announced adjustments to the pay of their chief executives. Retailers, travel groups and manufacturers were most likely to trumpet their leaders willingness to share the pain.
It s part of a larger shift in corporate culture that has seen US chiefs speak out on important issues ranging from voting rights and racial inequality to climate change. Last year, nearly 19 per cent of large public companies worldwide included some sort of environmental or social target in their executive pay plan, double the share in 2017, says ISS ESG, the proxy adviser s data ar ....

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