Managerial remuneration policies are outlined for companies with no profits or inadequate profits, as well as profitable companies. For unprofitable or underperforming companies, manager pay is capped at prescribed percentage limits of net profits. For profitable companies, manager pay is determined by first calculating net profits as defined by law, then establishing pay within reasonable limits as approved by shareholders.
Managerial remuneration policies are outlined for companies with no profits or inadequate profits, as well as profitable companies. For unprofitable or underperforming companies, manager pay is capped at prescribed percentage limits of net profits. For profitable companies, manager pay is determined by first calculating net profits as defined by law, then establishing pay within reasonable limits as approved by shareholders.
Managerial remuneration policies are outlined for companies with no profits or inadequate profits, as well as profitable companies. For unprofitable or underperforming companies, manager pay is capped at prescribed percentage limits of net profits. For profitable companies, manager pay is determined by first calculating net profits as defined by law, then establishing pay within reasonable limits as approved by shareholders.