Boards – Not Gov't – Should Be Cutting Executive Pay at SOEs, Expert Says

(Beijing) – Authorities across China have been cutting the pay for top executives at a range of state-owned companies recently – a matter one expert says should be left to boards of directors.

Officials at both the central and regional levels of government started slashing the pay of executives at SOEs after the Politburo, the ruling Communist Party's 25-member decision-making body, decided to overhaul pay scales at state-backed firms in September 2014.