“While both showed positive correlations, it was notable that on a relative basis, compensation for CEOs of large-cap companies correlated more to share price performance vs small/mid-cap companies which showed the least correlation between CEO compensation and share price performance,” he adds.
Singapore Exchange (SGX)-listed companies were generally fair in paying their CEOs and their board of directors in 2022, with some CEOs generating more value than the rest, notes UOB Kay Hian analyst Adrian Loh and the Singapore research team.
“We have charted Singapore companies’ CEO compensation in 2022 vs their respective return on equity (ROE) and share price performance for that year,” says Loh in his June 22 report.
