Resolution and Limitation to the Salary of Directors during the Period of Economic Crisis
During the period of economic crisis,each country has carried out different kinds of resolutions to the crisis which is caused by sub-prime mortgage and provided supports to its enterprises.However,the directors and senior managers of supported enterprises are still enjoying high salary.In order to limit the salary of directors,a number of countries and regions have enacted regulations to confine it.During the period of economic crisis,based on the tenet of corporate social responsibility and the objective of protection of interest relevant parties,and in order to balance the interest between directors and interest relevant parties,China shall establish director salary disclosure system,and enact regulations to authorize government with relevant power to limit the salary of directors and managers or carry out necessary resolutions and restrictions when such corporations have accepted more than a fixed sum of supports from government.