UOB CEO records S$10.75m total salary for 2019, up 1.8%
AGM, originally slated for April 30, will be deferred due to virus outbreak restrictions
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UOB's chief executive Wee Ee Cheong recorded a 1.8 per cent increase in 2019 total salary to S$10.75 million, up from S$10.56 million, the bank's annual report put out on Wednesday showed.
His base salary was unchanged at S$1.2 million, with the remaining amount captured in bonuses. As was the case in 2018, 60 per cent of the variable pay due to Mr Wee will be deferred and will vest over three years. Of the deferred variable pay, 40 per cent would be issued in deferred cash. The remaining 60 per cent would be in the form of share-linked units.
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