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

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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

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