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Should Singapore adopt 'say on pay'?

SoP may require disclosures that could harm a firm's competitive interests.

Leaving decisions on executive pay to shareholders may not lead to optimal outcomes and SoP regulation can impose a significant compliance and administrative burden on the firms.

IN the corporate setting, the remuneration of chief executive officers (CEOs) and senior executives is typically determined by the board of directors. In many countries, corporate governance codes have been developed to provide guidance on such remuneration practices. However, there has been a