The Business Times
business-time-50
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 

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    “I want people to be very proud of Great Eastern as a local champion,” says group CEO Greg Hingston.

    ​Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot

    British PM Keir Starmer says he would support whoever replaces him.

    UK PM Starmer resigns; new leader to be in place by September

    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