WASHINGTON/NEW DELHI, (PNA/PTI) — In an apparent regulatory follow-up to norms already prescribed in India, the US has proposed a new rule requiring listed companies to disclose the ratio of their CEO pay and median staff salary.
While the new rule was proposed by the US markets regulator SEC last night, an exactly similar provision for listed companies in India is already present in the new Companies Act, 2013, which became a law last month.