Differences betweeen Managing Director Vs Whole time Director
Differentiate between managing director and whole-time directors of a company
Power: Managing Director is entrusted with substantial powers.
Prohibition: Section 197 Prohibits to act both a managing director and a manager simultaneously.
Appointment: Consent of the shareholders of the company by means of resolution is not necessarily for the appointment of managing director
Duration of Appointment: No individual can be appointed for more than five years at a time.
Power: The Power is stated in the term of employment.
Prohibition: Sometimes a whole-time director may be appointed as manager and director of a company.
Appointment: Consent of shareholders of the company by a special resolution is must for the appointment of a whole- time director
Duration of Appointment: There is no such restriction regarding the appointment of a whole-time director.
As the salary of an average Indian CEO at top listed private companies is doubling from Rs. 10 crore to Rs. 20 crore in just two years, it’s bound to trigger interests as we hope for a legitimate raise in our paychecks this year. The analysis of CEOs salaries in top listed companies for FY 2015-16 shows that the average remuneration paid to the top executives was approximately Rs. 19 crore.
The payment includes their salary, commissions, allowances, value of all prerequisites and ESOPs (Employee Stock Ownership Plans) exercised during the year and all other benefits.
Board of Directors Management Manager Managing Director Promoter
Wouldn’t it be interesting to know who are these highest paid CEOs in India