Irdai outlines executive pay guidelines

The Insurance Regulatory and Development Authority of India
(Irdai) has unveiled new guidelines on remuneration for
carriers' executive and management teams.
In a letter to private insurers dated 5 August, the regulator
said there was an immediate need to implement guidelines,
particularly for managing directors, CEOs and full-time directors,
for whom there had previously been few restrictions.
Carriers will now have to formulate a pay policy covering these
positions which must be reviewed annua