The Current Situation of the Director Remuneration Disclosure in China's State-Owned Listed Companies and Accountability of Problem Pay
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With the reform of economic system, corresponding changes have taken place in the remuneration system of directors of state-owned listed companies in China. Objectively speaking, China's remuneration reform in recent years has made some achievements, and initially established the system framework of the remuneration management of directors of state-owned listed companies. However, , there are still some problems in the system of director remuneration, such as supervision and management, incentive and restraint, main body responsibility, disclosure mechanism, etc. Moreover, the reform system itself has certain time lag, and the implementation situation needs to be observed. It can be said that the reform of the remuneration system of the directors of the state-owned listed companies in China is far from reaching its due strength and depth, especially the issue of remuneration disclosure. This paper discusses the status quo of remuneration disclosure, the path selection and the accountability of director's problem pay in order to build a more standardized and reasonable remuneration system. The remuneration disclosure system of the state-owned listed companies can better regulate the legal behavior of the state-owned listed companies and play an important role in the development of national economy.
State-owned listed companies, Director remuneration, Disclosure, Problem pay, Accountability