Expense AccountMutual FundsPersonal FinanceMay 3, 2016by Monika Halan0Is mutual fund houses’ angst against pay disclosure fair?
There has been disquiet in the offices of asset management companies (AMCs) over the past week. The story began some months ago when the market regulator, Securities and Exchange Board of India (Sebi), proposed that AMCs disclose top management remuneration (salaries, perks, stock options). The first reaction within the industry was disbelief and then defiance—we...