Norms for compensation policy

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....stock exchange or recognised clearing corporation shall be in accordance with the norms specified by the Board. The compensation norms, in this regard, shall be as follows:- i. The variable pay component shall be within a range of 25% to 50% of total pay. ii. 50% of the variable pay shall be paid on a deferred basis after a minimum period of three years. i....

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....ble to the industry standards, (f) role and responsibilities of the key management personnel, (g) periodic review (3) At the time of seeking approval of the Board for the appointment of the managing director, the stock exchange/ clearing corporation shall seek approval for the compensation of the managing director from the Board. The compensation of the Managing Director of a ....