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.
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