China execs to reveal pay: report
Beijing
CHINA is set to make executives at its biggest state-owned firms publicly reveal their salaries, the state-run Economic Information Daily reported on Monday, the latest in a series of reforms aimed at boosting corporate efficiency and transparency.
Payment disclosure, which will apply to central government controlled state-owned enterprises (SOEs) - both publicly traded and private - represents Beijing's first scheme to force officials to report their income.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs