Chief executives at 13 STI companies receive higher remuneration in 2021
Increase comes amid recovery of global economy; largest decline reported is for Genting Singapore's CEO Lim Kok Thay
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CHIEF executives at 13 of the Straits Times Index (STI) component companies saw an increase in their remuneration for FY2021. That number represented more than half of the 21 stocks with a financial year that ended in Dec 31.
Data compiled by The Business Times showed the total remuneration for all 21 companies declined slightly to S$194.3 million from S$203.4 million in FY2020. But this was largely due to a decline in the pay packages of directors at Jardine Matheson Holdings J36, which reports a lump sum payment to all its directors, and the reported pay package of Genting Singapore's G13 CEO.
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