以“限薪令”为由调薪引起纠纷 益民基金被判赔百万元

Core Viewpoint - The recent court ruling regarding Yimin Fund highlights the impact of the financial industry's salary cap policy, revealing tensions within small public fund institutions and raising questions about executive compensation in relation to company performance [1][7]. Group 1: Salary Cap and Legal Disputes - Yimin Fund adjusted the salaries of its management team in response to the financial industry's salary cap policy, resulting in a significant salary reduction for its HR manager, Zhao, by approximately 44% [2][3]. - Zhao contested the unilateral salary and position changes, leading to a court case where the court ruled in favor of Zhao, ordering Yimin Fund to pay compensation for wrongful termination and unpaid vacation [4][6]. Group 2: Company Performance and Compensation Concerns - As of Q1 2025, Yimin Fund managed only 8.2 billion yuan in assets, ranking 175th among 199 public fund companies, raising concerns about the appropriateness of high salaries in light of poor performance [1][7]. - The fund's largest products, Yimin Innovation Advantage and Yimin Dividend Growth, have underperformed against their benchmarks, with total returns significantly lagging [8]. Group 3: Regulatory Context and Future Implications - The financial sector is undergoing scrutiny regarding executive compensation, with new regulations emphasizing performance-based pay linked to fund returns, aiming to align management incentives with investor interests [9]. - The recent court ruling and the ongoing discussions about salary caps reflect a broader trend in the industry towards more stringent compensation practices and accountability [5][9].