A formal ‘say on pay’ may be more effective than better disclosure
This would give shareholders the right to vote on executive remuneration, to ensure it aligns with performance
Add BT as a preferred source
[SINGAPORE] Recently, The Business Times’ senior correspondent Ben Paul wondered aloud in his Mark to Market column if CEOs are being paid too much – and for good reason, too.
Some of the numbers from a recent study of Singapore Exchange (SGX)-listed firms by the NUS Centre for Investor Protection (CIP) are pretty damning.
The study found that at companies where executive directors (EDs) were substantial shareholders, or family members of substantial shareholders, every dollar of remuneration yielded a median revenue of S$64.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
