About 70% of Indian business leaders (higher than the global average of 67%) say that shareholders should have greater involvement in establishing remuneration policy for senior executives at large public companies and 78% believe that senior executives are paid too much, according to a global survey of 2,800 businesses in 40 countries.

More than three-quarters (71%) say that public companies should disclose the remuneration policy and individual remuneration of executive and non-executive directors and 86% believe that the roles of CEO and Chairman of the Board be held by different people to ensure greater oversight.

The survey was conducted by Experian in May and June 2012 as part of the Grant Thornton International Business Report, a quarterly global business survey of 3,000 public and private businesses. In India around 100 businesses participated in this survey.

SMEmentor@moneycontrol.com

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