ACGA Blog: The price of enterprise: balancing governance and incentives

2026-05-05

Enterprise as a factor of production encompassing vision, risk-taking, and managerial acumen has long been recognised as a critical catalyst that transforms other factors of production into corporate value. Appropriate compensation is essential to attract leadership able to drive enterprise. This commentary therefore examines recent trends in executive pay in India following the 2025 proxy voting season, drawing on analysis from IiAS and ACGA to assess whether governance mechanisms are keeping pace with rising packages, writes Anuja Agarwal, Former Research Head, Japan and India at ACGA, Hetal Dalal, Former Research Head, Japan and India at ACGA. Read more here.