The Procedural Regulation of Executive Compensation in State-owned Enterprise

Under the global financial crisis,many enterprise executives own tens of millions,which have been staggering.Therefore Limited Pay became a popular word,however,it exposes series of slight defects in the compensation procedure behind limited pay.The reason why executive compensation make public questioned is not only the internal salary formulation,but also the external inadequate control.Therefore,the key approach to control executive pay is to be controlled from the procedure,rather than quantitative restriction.