RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
Variable pay governance: deferred remuneration, prohibition on equity-linked awards, and mandatory malus and clawback arrangements. Compensation norms require a defined variable pay component with a significant portion deferred for a minimum multi-year period; ESOPs and other ... Summary
Variable pay governance: deferred remuneration, prohibition on equity-linked awards, and mandatory malus and clawback arrangements.
Compensation norms require a defined variable pay component with a significant portion deferred for a minimum multi-year period; ESOPs and other equity-linked instruments are prohibited for key management personnel; malus and clawback arrangements must be included. The policy must consider the depository's financial health, industry-comparable compensation, role and responsibilities, revenues and profits, periodic review, and must not incentivise excessive short-term risk. Board approval for the managing director's compensation is required at appointment.
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