Asset management companies can
disclose executive and high-earner pay on a consolidated basis
instead of on an individual basis, the country’s markets
regulator proposed on Wednesday.
* The Securities and Exchange Broad of India proposed that AMCs may disclose consolidated remuneration of executive level employees and the total number of such employees.
* SEBI said the proposed approach would give investors in
the funds of AMCs a broader view of senior management
compensation.
* The regulator said the proportion of employees covered
under the current framework is limited, ranging from about 2% to
10% of total employee base in 36 of 51 AMCs analysed.
* It said public disclosure of individual remuneration
could expose employees to privacy risks and misuse of personal
information.
* The regulator also proposed allowing investors to seek
scheme-level disclosure of the total remuneration paid to fund
managers of schemes they are invested in.
* SEBI has sought comments from the public by June 30.