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OCBC Bank chairman volunteers for 26% pay cut

Friday, April 7, 2017 - 05:50

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Mr Ooi Sang Kuang's total pay for 2016 was S$1.6 million, down from S$2.2 million in 2015. He was the only chairman of the local banks to volunteer for lower chairman fees.

Singapore

OCBC Bank chairman Ooi Sang Kuang took a 26 per cent pay cut for 2016 as his fees fell by S$400,000 to S$1.4 million from S$1.8 million.

As a result of the lower chairman fees, Mr Ooi's total pay for 2016 was S$1.6 million, down from S$2.2 million in 2015, according to

sentifi.com

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