The proposed norms will apply to whole-time directors, chief executives and `material risk takers. It will also apply to staff with control functions. Some of the main changes proposed by RBI include requiring a large part of the compensation to be in the form of variable pay, which is a term used for performance linked salaries or bonuses.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BT9mHE
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