Capital market regulator SEBI has proposed to review and simplify disclosure rules related to executive salaries at asset management companies (AMCs) — or the entities that offer and manage mutual funds. If enforced, the proposed changes could lead to the regulator doing away with employee-wise salary disclosures, only mandating fund houses to reveal the consolidated remuneration of CEOs, CIOs and COOs.
Launching a consultation on AMCs’ disclosures on executive remuneration, SEBI proposed that AMCs — or fund houses — may be allowed to disclose only total employee count and aggregate remuneration.
According to SEBI, the objective of the proposals is to improve meaningful transparency while balancing investor interests and operational considerations.
The regulator has invited public comments on the consultation paper until June 30.