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SingTel AGM: chairman's fee bump draws some objections

Still, telco's proposal to double his fee to S$960,000 passed with overwhelming majority

Singapore

SOME SingTel shareholders found it hard to swallow a fee bump for Simon Israel, the telco's chairman, during the firm's annual general meeting (AGM) yesterday.

The operator had proposed to more than double Mr Israel's non-executive director's fee from S$386,828 to S$960,000. As a result, the group sought shareholders' approval to increase the total fee ceiling for non-executive directors by S$240,000 to S$2.95 million at the AGM. While the previous financial year's aggregate fee ceiling was...

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