The Business Times
business-time-50
HOCK LOCK SIEW

Companies’ nonchalance toward SGX queries on pay shows why mandatory disclosure may be necessary

Raphael Lim

Raphael Lim

Published Wed, Nov 2, 2022 · 05:50 AM
    • A review of corporate governance disclosures by KPMG in Singapore, published in September, found that only 35 per cent of companies disclosed the actual remuneration of directors on a named basis, and that 18 per cent did so for CEOs.
    • A review of corporate governance disclosures by KPMG in Singapore, published in September, found that only 35 per cent of companies disclosed the actual remuneration of directors on a named basis, and that 18 per cent did so for CEOs. PHOTO: PIXABAY

    SINGAPORE Exchange Regulation (SGX RegCo) is seeking feedback on a proposed rule change that would make it mandatory for listed companies to disclose how much they pay their chief executives and directors.

    There is likely to be some pushback from companies and boards, but recent developments have reinforced the importance of pushing the change through anyway.

    SGX RegCo published its consultation paper last Thursday (Oct 27).

    SGXCorporate governanceSakae Holdings

    TRENDING NOW

    Francis Yeoh, executive chairman of YTL, with Yeoh Pei Xien, vice-president of strategy and transformation at YTL Hotels, at The BTLuxe Edit – Future:Legacy symposium on Oct 28.

    From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures

    Anthony Lim, who will be taking over as chairman, spent 19 years at Singapore’s sovereign wealth fund GIC.

    Things to know about DBS’ incoming chairman Anthony Lim

    Yields on Indonesia’s benchmark 10-year government bonds stood at around 7.75 per cent on Tuesday (Nov 3).

    Wealthy Indonesians snap up government bonds as yields near 8%: OCBC

    SixSense’s AI-powered platform helps GlobalFoundries engineers identify and classify chip defects, reducing the time needed to review wafers.

    From local AI partnerships to global opportunities: How MNCs help Singapore firms scale

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More