Lower profit, higher pay for key execs: Is it justifiable?
Lian Beng was in the news recently, but among its peers, at least 3 other companies paid key executives or directors more even as net profits fell
Singapore
IN spite of uncertainties caused by the Covid-19 pandemic, several Singapore-listed companies have seen fit to raise the remuneration of their directors and key executives this past year - raising questions about how to adjust remuneration policies in exceptional times.
Building contractor Lian Beng Group had on Sep 27 responded to a shareholder asking why the remuneration for its key executives was higher than the previous financial year when net profit, excluding government grants, was lower.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal