Financials Jun 10, 2022 08:49 PM (GMT+8) · EqualOcean
The China Securities Investment Fund Industry Association issued the guidelines on performance appraisal and salary management of fund management companies, and put forward specific requirements on salary structure, salary payment, performance appraisal, salary internal control management, etc. According to the guidelines, the deferred payment period of performance compensation shall not be less than 3 years, and the deferred payment speed shall not be faster than the equal proportion. In principle, the amount of deferred payment for senior managers, fund managers and other key positions shall not be less than 40%, and the performance evaluation indicators shall reflect the long-term evaluation of more than 3 years. The guidelines also clarify the requirements for performance-based compensation for senior executives and fund managers. Senior managers and heads of major business departments shall purchase public funds managed by the company at least 20% of the performance salary of the current year, of which the purchase of equity funds shall not be less than 50%; The fund manager shall purchase the public funds managed by the company at least 30% of the performance salary of the current year, and shall give priority to the public funds managed by him.

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