Total remuneration of CLI's Lee Chee Koon not accurate

WE WOULD like to make several important clarifications about the 2021 remuneration of CapitaLand Investment (CLI) group chief executive Lee Chee Koon in the article "Chief executives at 13 STI companies get higher pay in 2021" (The Business Times, Apr 13, 2022).

As a listed company, we need to correct that Lee's total remuneration is not accurate. Further, as an organisation that structures its remuneration policy to match pay to performance, aligns stakeholder interests with management, and focuses on talent attraction and retention, we are concerned that the article may have given readers the wrong impression.

Lee's remuneration for the full year 2021 was not S$1.98 million and his remuneration did not decline for the third consecutive year.