SIA pays CEO 14% less in fiscal 2018, following lacklustre 2017

Singapore

SINGAPORE Airlines (SIA) paid its chief executive Goh Choon Phong 14 per cent less in fiscal 2018, reflecting lower bonuses for a lacklustre fiscal 2017, and lower valuations for his share-based compensation, according to the national carrier's latest annual report.

Directors' fees paid by the group also slipped about 1.6 per cent to S$1.91 million from S$1.95 million the previous year. That decline was partly due to the retirement of directors Stephen Lee Ching Yen, Christina Ong and Lucien Wong Yuen Kai from the board, and the appointment of two new directors, namely Dominic Ho Chiu Fai and Simon Cheong Sae Peng.