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SGX RegCo to require remuneration disclosure for directors and CEOs, tenure limit for IDs

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Raphael Lim

Raphael Lim

Published Tue, Sep 13, 2022 · 05:00 AM
    • SGX RegCo will review market feedback before making a decision on whether the hard tenure limit for IDs will be set at 9 years or some other number.
    • SGX RegCo will review market feedback before making a decision on whether the hard tenure limit for IDs will be set at 9 years or some other number. PHOTO: PIXABAY

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    SINGAPORE Exchange Regulation (SGX RegCo) is planning to make companies disclose exactly how much they pay chief executive officers (CEOs) and directors.

    The frontline regulator also said in a statement on Tuesday (Sep 13) that it intends to limit the service of independent directors (IDs), building upon earlier rules that required long-serving IDs to be subject to 2-tier voting.

    The proposed changes – which will be detailed in upcoming consultations – are aimed at raising corporate governance standards of companies listed on the Singapore Exchange (SGX).

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