EP41: Provision 8.1 Breakdowns of Remuneration

01/04/2023 3 min Temporada 1 Episodio 41
EP41: Provision 8.1 Breakdowns of Remuneration

Listen "EP41: Provision 8.1 Breakdowns of Remuneration"

Episode Synopsis

Provision 8.1 goes deeper into disclosures “The company discloses in its annual report the policy and criteria for setting remuneration, as well as names, amounts and breakdown of remuneration of: each individual director and the CEO; and at least the top five key management personnel (who are not directors or the CEO) in bands no wider than S$250,000 and in aggregate the total remuneration paid to these key management personnel."Some firms are very reluctant to disclose remuneration details as they deem it a loss of privacy and competitiveness. However, this is soon becoming mandatory!Show Notes1) Download the Singapore Code of Corporate Governance belowhttps://www.mas.gov.sg/-/media/mas/news-and-publications/code-of-corporate-governance-6-aug-2018-revised-11-jan-2023.pdf2) Join the preparatory course for the SCA examshttps://courses.learningluminaries.com/courses/sca-business-valuation-governance