Directors’ remuneration

SEVEN out of the top-10, highest-paid boards on Bursa Malaysia are mainly family-controlled companies.

Their CEOs are paid the highest, suggesting that a significant portion of total board remuneration of these companies goes toward the CEO’s payout.

Six of the top-10 boards with the highest-paid non-executive director (NED) are mostly from government-linked companies (GLCs). Their CEO remuneration pales in comparison to that of the CEOs of the top-100 companies on Bursa Malaysia.

The six GLCs are Malayan Banking Bhd, CIMB Group Holdings Bhd, Sapura Energy Bhd, Sime Darby Plantation Bhd, Telekom Malaysia Bhd and Axiata Group Bhd.

The remaining four with the highest total NED payout are AMMB Holdings Bhd, Public Bank Bhd, IHH Healthcare Bhd and PPB Group Bhd.

The average remuneration received by the NEDs is RM8.9mil, with one of the companies recording a total remuneration exceeding RM20mil.

The overall median board remuneration for listed companies on the FBM 100 is RM7.4mil.

These details were revealed by the Securities Commission in its annual Corporate Governance Monitor (CG Monitor 2020) report.

Overall, the total board remuneration for 2019 was 11.7% lower than in 2018, RM1.3bil from RM1.5bil.

Remuneration for executive directors dropped 14.5% from RM1.3bil to RM1.1bil. That of NEDs rose 6.2% to RM223mil from RM210mil.


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