Getting disclosure and spirit of executive pay right

ON Thursday, Genting Singapore will hold a virtual annual general meeting and allow its shareholders to ask questions "live".

This is a bold move for a company that had a turbulent 2020 and was recently in the spotlight over its executive chairman's generous remuneration package. There may be some tough questions headed its way.

Genting Singapore, owner of Resorts World Sentosa (RWS), saw revenue and profit fall sharply in 2020.

Business circumstances drove the group to the very difficult decision of reducing its workforce.

While acknowledging these circumstances in its annual report, Genting chose also to celebrate its support of Singapore's fight to contain the spread of Covid-19.

The company's annual report devoted space to highlighting RWS's role as a managing agent for community care facilities with 11,000 beds. Over 2,000 team members volunteered for this community effort, the …