SGX-listed companies lag in remuneration disclosures: report

SINGAPORE (Jan 11): Disclosure of remuneration amounts for directors and higher management remains weak among companies listed on the Singapore Exchange, according to a report released today by corporate governance advocate Mak Yuen Teen of the NUS Business School.

“Remuneration disclosures and practices in Singapore lag those in more developed markets,” says Mak. “In light of recent corruption scandals involving Singapore companies, companies also need to examine whether their remuneration policies are encouraging the right kind of behaviour.”

Co-written by MBA graduate Chew Yi Hong and supported by SGX, the report found “significant gaps” in remuneration practices among companies listed on the Singapore bourse in terms of compliance with the Singapore Code of Corporate Governance.

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