The Business Times
HOCK LOCK SIEW
·
SUBSCRIBERS

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).

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    SGXCorporate governanceSakae Holdings

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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