The Business Times
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HOCK LOCK SIEW

Tempering CEO pay will help build a stronger local bourse

Lower executive compensation supports profitability, buy-in for capitalism and business sustainability 

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Leslie Yee

Leslie Yee

Published Wed, Oct 2, 2024 · 05:00 AM
    • Offering top management reasonable compensation can be a plus in drawing investors to the local bourse, as there might be meaningful improvements to the bottom line.
    • Offering top management reasonable compensation can be a plus in drawing investors to the local bourse, as there might be meaningful improvements to the bottom line. The Business Times

    THE chief executive officer (CEO) of a listed group has a tough job. He/she needs to motivate a large number of staff, win the confidence of investors, manage relationships with customers and suppliers, build the company’s brand, find growth opportunities, manage risks, deal with regulatory issues, travel extensively and so forth.

    Today’s CEO also has to handle threats and opportunities posed by digitalisation, climate change, artificial intelligence and geopolitics, among other global forces.

    But some CEOs are richly compensated. The CEOs of the local banking trio of DBS , OCBC and UOB , for example, received remuneration of between S$11.2 million and S$15.9 million for the financial year ended last Dec 31(FY 2023).

    CEO payCorporate governanceleadershipcapitalismsustainabilityHock Lock Siew

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