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 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.
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