That was great news on dividends. Hope (for the longest time) that Ching Chiat Kwong's salary would also be moderated. It has been ridiculously high because it was based on a pre-IPO agreement. No way to justify that kind of salary and the board has been too hesitant to adjust the formula.
Who are the 40 highest-paid CEOs among Singapore' s listed companies?
SINGAPORE (June 14): Prudential&rsquo s Barry Stowe, who retired in Dec 2018, was the highest paid CEO among Singapore listed companies in 2018.
Besides being listed in London, Prudential has a secondary listing on the Singapore Exchange since May 2010.
For lifting the international financial services group&rsquo s earnings by 26%, Stowe was given a 7.8% hike in compensation to $16.5 million.
In joint second place was Oxley Holdings&rsquo Ching Chiat Kwong and Xu Cheng Qiu, executive chairman of China Sunsine Chemical Holdings, who were paid $12 million each although Xu&rsquo s actual remuneration was still pending review by the board and had not been finalised.
In fourth place was Dr Tan See Leng of IHH Healthcare who took home $11.9 million in FY2018, 6.7% higher than his FY2017 package. The healthcare group suffered a 35.3% drop in earnings in FY2018 from FY2017. Tan is stepping down by December this year.
Coming in fifth was Piyush Gupta of DBS Group Holdings, the most valuable listed GLC in terms of market capitalisation. Gupta saw a 15.6% hike in his compensation package to $11.9 million for 2018. DBS reported a 27.6% gain in earnings in FY2018 from the year before.