Maximum remuneration for executives
They have restrictions regarding the maximum amount of remuneration allowed for their company executives: these cannot exceed the monthly remuneration of the president of the Central Bank of Chile. The exception to the rule is established in a instruction from the Ministry of Finance and requires a reasoned and unanimous agreement from the board of directors.
- Source:
-
Presidential Instruction N° 6 of 2006, supplemented by instructions from the Ministry of Finance.