Mumbai: Zee Leisure Enterprises MD Punit Goenka will take a 20% lower in his remuneration as he takes “steps to optimise prices and improve productiveness”.
In FY23, Goenka earned a remuneration of Rs 35 crore — together with Rs 21 crore in salaries and allowances, Rs 9 crore in variable pay, a one-time cost of Rs 5 crore, and a provident fund contribution of Rs 20,000.His remuneration in FY22 and FY21 was Rs 41 crore and Rs 13 crore respectively.
“The organisation is sharply centered on adopting a frugal strategy… Whereas I’m within the technique of implementing the required steps and actions throughout all verticals of the corporate, I intend the required change in mindset to start from my desk. It’s crucial to adapt as per the scenario and at this time limit, ‘accountability & agility’ is the necessity of the hour… I have to add that this voluntary determination (of a discount in remuneration) is restricted to me on a private entrance,” stated Goenka.
Goenka’s determination was submitted to the nomination and remuneration committee of Zee’s board. Zee chairman R Gopalan appreciated the thought and intent behind his determination.
In FY23, Goenka earned a remuneration of Rs 35 crore — together with Rs 21 crore in salaries and allowances, Rs 9 crore in variable pay, a one-time cost of Rs 5 crore, and a provident fund contribution of Rs 20,000.His remuneration in FY22 and FY21 was Rs 41 crore and Rs 13 crore respectively.
“The organisation is sharply centered on adopting a frugal strategy… Whereas I’m within the technique of implementing the required steps and actions throughout all verticals of the corporate, I intend the required change in mindset to start from my desk. It’s crucial to adapt as per the scenario and at this time limit, ‘accountability & agility’ is the necessity of the hour… I have to add that this voluntary determination (of a discount in remuneration) is restricted to me on a private entrance,” stated Goenka.
Goenka’s determination was submitted to the nomination and remuneration committee of Zee’s board. Zee chairman R Gopalan appreciated the thought and intent behind his determination.
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