Where Angels Prey

Where Angels Prey is a novel by Ramesh S Arunachalam. Please refer to www.whereangelsprey.com for more information

Monday, August 1, 2011

Governance of compensation awarded to bosses of MFIs

Ramesh S Arunachalam

The senior management of these institutions that claim to be serving the poor, receive unusually high payments which is not determined through an explicit process

Compensation is indeed a very sensitive and critical aspect of governance in MFIs and it has serious implications for the detailed regulatory guidelines being prepared by the Reserve Bank of India (RBI) and the microfinance bill being drafted by the Union Ministry of Finance (MoF).

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