This article critiques the self-regulatory approach to managerial remuneration in Indian companies, arguing that allowing directors to vote on their own remuneration creates an apparent conflict of interest. It contends that the existing safeguards statutory limits, special resolutions, and National Remuneration Commission (‘NRC’)—fail to curb the influence of controlling shareholders in the Indian concentrated environment, potentially harming other stakeholders. To address this, the article proposes classifying managerial remuneration in public companies as a Related Party Transaction (‘RPT’) under Section 188.