While there is greater disclosure executive compensation in Singapore, most firms still failed to shared specific performance measures that determined annual bonuses, according to the report Paying for Value or Just Paying More? which reviewed 469 firms which have a primary listing in Singapore.
(March 23): Singapore-listed companies are replete with executive directors that are either substantial shareholders or related to them, and firms aren’t disclosing enough about how pay is decided.
About three in four executive directors are substantial shareholders or are family members, according to a study released on Monday by the National University of Singapore (NUS) Business School’s Centre for Investor Protection. These directors tend to be better compensated, raising the question of potentially excessive remuneration for these companies, the authors led by Mak Yuen Teen said.
