CEO pay: both an art and a science?

THIS WEEK'S TOPIC: Are Singapore CEOs overpaid? How should they be paid, and what would be a fair, equitable CEO-to-worker pay ratio?

Dileep Nair Independent Director Thakral Corporation Limited

EGREGIOUS examples of highly paid CEOs who "fiddled while Rome burned" are not systemic of Singapore's corporate landscape. These aberrations denote a failure of corporate governance on the part of the Board and, in particular, of the Remuneration Committee (RC). As an RC member on three listed companies, I'm aware of the rigour of pegging CEO pay to KPIs that include profitability and stock price performance, benchmarking to industry peers, and engaging consultants when necessary.