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Mukesh Ambani, the Chairman and Managing Director of Reliance Industries has kept his annual salary capped at Rs 15 crore for the ninth year and did not even take stock options that were given to other board directors.
The richest Indian Ambani, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-2009, forging almost Rs 24 crore per annum.
RIL in its annual report for 2016-17 said that “The chairman and managing director’s compensation has been set at Rs 15 crore as against Rs 38.75 crore as approved, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels.”
