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NPS strengthens supervision of companies that pay high salaries to their executives

2019-04-16 15 Dailymotion

국민연금, 이사보수한도 올린 기업 '중점 관리'<br /><br />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.<br />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. <br />This includes remuneration that's excessively high based on considerations like the company's size. <br />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. <br />

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