SGX Regco’s plan for full disclosure on listco boards, CEOs’ pay a boost for transparency; poaching fears overstated

SINGAPORE Exchange Regulation (SGX RegCo)‘s plan for boards and chief executive officers (CEOs) of listed companies to disclose full details of their salaries is helpful for transparency, and brings Singapore in line with other major jurisdictions, according to experts in board and C-suite matters.

They say worries about poaching arising from salary disclosures may be overstated, adding that there may be other reasons for board and top management shake-ups.

Ang Wan May, managing partner for leadership advisory firm Egon Zehnder in Singapore, said pay needs to be competitive to attract and retain top talent, but it is not the only important factor.