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Thursday, 5 April 2012

Executive pay details released on Abu Dhabi exchange - The National

In a landmark move towards greater transparency in business, 25 companies listed on the Abu Dhabi stock exchange have for the first time released details of executive pay.

Aldar Properties, Abu Dhabi Aviation, Al Ain Ahlia Insurance, and National Marine Dredging are among firms disclosing the remuneration of their top executives on the website of the Abu Dhabi Securities Exchange (ADX).

The move follows a request by the Emirates Securities and Commodities Authority (SCA) for companies to be more transparent about salaries.