Singapore CEOs likely to get even richer after pay reveal

Research suggests that pay disclosures have done more to increase executive compensation than to suppress it. — AP

SINGAPORE: Chief executive officers (CEOs) who have been grumbling about Singapore’s new mandatory pay disclosures could be in for a pleasant surprise: a raise.

Formalised in January, Singapore Exchange Ltd’s new rule requires listed companies to disclose compensation for CEOs and individual company directors, inclusive of base salary and any bonuses or incentive pay, starting with the financial years ending on or after Dec 31, 2024.