Top execs' pay: Should shareholders have a say?
Suet Fern says S'pore must decide on rising trend
[SINGAPORE] Singapore- listed companies should go beyond remuneration disclosure for top executives, and give shareholders a say on their pay.
This will ensure direct accountability by management to owners of shares, and also help companies build bench strength as opposed to having a "hero CEO", said Lee Suet Fern, managing partner of Stamford Law Corporation, at the Singapore Corporate Awards Seminar yesterday.
Speaking at a panel session, she noted from her experience on the boards of overseas companies that there has been increased discussion on "say on pay", a movement unfolding in developed markets where shareholders have the right to vote on the pay of executives.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients