Experts say mixed-ownership executive pay should also limit

Regulation of executive remuneration of State-owned enterprises by the State Council the experts believe that mixed-ownership executive pay should also limit Wall Street's subprime mortgage storms that have engulfed the US in the midst of the economic crisis, and the bursting of the global economic crisis has made the high salaries of executives even more compelling.　　The resulting discontent and even anger in the public led to the introduction of a "wage limit" in the United States, followed by China.　　Just yesterday, media said that the policy documents related to the annual salary of state-owned enterprises in 2009 had been approved in principle by the State Council at its executive meeting on June 10, 2009, which is expected to be enacted in July or August this year.　　Yesterday, the securities daily reporter interviewed the Chinese Labor Institute remuneration Professional Committee president Suhainan.　　How to limit the high salary of non-state-owned listed companies? Securities Daily: It is reported that the adoption of the policy document is only for state-owned or holding companies of executive pay. For companies like "state-owned" and "mixed-ownership", their executive remuneration is not listed in the above document specification.　　How do you think such a policy will affect the society? Suhainan: The current official document has not come out, said the impact is not much significance. However, as far as I know, it is necessary to standardize executive compensation management to form a more appropriate and reasonable relationship, can not set a multiple limit. To form a set of systems, improve the incentive and restraint mechanism, so that senior executives and employees pay a relatively reasonable relationship.　　And not regardless of the specific circumstances of various enterprises, directly on how many times. Securities Daily: This document does not include non-state listed financial companies.　　Should enterprises like this be regulated? Suhainan: I personally think that it is still to amend the company law to limit the high salaries of executives.　　For the nature of different enterprises, should be treated differently, such as the state-owned enterprises is through administrative means, to the listed companies is to be through legal means to amend the "Company law."　　Hybrid companies should also be in charge of the securities daily: How should executive pay be restricted to non-state-listed financial companies? Suhainan: Because of the different nature of the state-owned enterprises and the mixed ownership enterprise, the mixed ownership enterprises will not be directly included in the regulation of the executive compensation of the state-owned enterprises, but it is necessary to consider strengthening the supervision over the executive compensation of the mixed ownership enterprise Because the state-owned enterprises and mixed-ownership enterprises are related, if only the state-owned enterprise executive pay this piece of norms in place, and the mixed ownership, especially in the state-owned enterprises do not make the corresponding norms, its executive remuneration or some of the high number of people higher than the number of individuals abnormally high,　　Will affect the state-owned enterprises in the stability and enthusiasm of the executive team play. Securities daily: Earlier, China's Ministry of Finance issued the "financial category state-owned and state-controlled enterprises in charge of compensation management measures (draft)" According to the "measures", state-owned or state-controlled financial enterprises in charge of the highest annual salary of 2.8 million yuan before the tax.　　What do you think of this amount? Suhainan: I personally think this amount is still very large.