Not the Best World for shareholders
Its executive directors receive generous pay even as the company has not declared dividends in recent years
Add BT as a preferred source
ON JUN 22, UOB Kay Hian released a note on the pay of chief executive officers (CEOs) of issuers on the Singapore Exchange (SGX). It listed the top 20 highest-paid CEOs in Singapore, with the top five being those of DBS (S$15.4 million), UOB (S$14.2 million), Wilmar (S$13.2 million), OCBC (S$11.2 million) and Keppel Corp (S$8.1 million).
A glaring omission was Best World’s co-founder, co-chairman, group CEO and managing director Dora Hoan, who netted S$12.5 million to S$12.75 million in FY2022. Perhaps UOB Kay Hian did not include Best World because it is not covered by analysts like them.
Hoan’s pay would put her ahead of the CEO of OCBC. Better yet, her remuneration is all short-term, in the form of cash or benefits: 7 per cent from annual salary, 92 per cent from an annual incentive bonus, and 1 per cent from benefits.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
