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
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
