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

Yong Jun Yuan

Published Tue, Oct 12, 2021 · 05:50 AM

Corporate governance

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.