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Salary Caps for SOE Senior Executives

As the financial crisis deepens, calls for salary caps for senior executives of state-owned enterprises are getting louder. The Ministries of Finance, and Human Resources and Social Security say they´re in the process of formulating policies to put those caps in place.
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Wang Dacheng, CPPCC member
"I certainly agree that we should set a ceiling on the income of SOE executives... I suggest the annual salary of SOE executives should not exceed 1 mln yuan."

Jia Kang, CPPCC member
"The salary management of SOE executives should be carried out as part of the SOE reforms. Otherwise, it doesn´t make much sense to simply set a cap."

Li Jiaxiang, CPPCC member
"We should work out a standard for the income of SOE executives in different sectors. Their salary level should be connected with their performance..."

Zhang Xiaoji, CPPCC member
"I think it´s very difficult for the government to set a unified ceiling for all SOEs. We should strengthen supervision by the chairman´s board and investors."

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