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RMG's BOD is of the view that it should only provide 3 bands for its BOD/KPI - <250k, 250-500k, >500k due to the highly competitive nature of the business. I agree. There are definitely not enough doctors in Spore.
My view is that competition is so intense that even co-founder/Chairman Loo's pay should also be kept in great secrecy, lest some of the billionaires with poor health, decide to poach him to become their personal 24/7 family doctor.
The Board is of the view that, considering the confidential and commercial sensitivities associated with remuneration matters and the highly competitive resource environment in which the Company operates and the importance of ensuring stability and continuity of business operations, it is appropriate for the Company to disclose the remuneration of each individual Director and the CEO on a named basis with breakdown in percentages. Given the sensitivity of remuneration matters, the Company has also opted not to disclose the total remuneration of each individual Director in dollar terms to maintain confidentiality of the remuneration packages of these Directors. For the same reasons, the Company has not provided an upper limit to the remuneration band of “$500,000 and above”. In the wake of recent changes to the Listing Rules announced by the SGX, the Company will review its disclosures on remuneration and make appropriate adjustments in future reports according to SGX-prescribed timelines.
Dr Loo Choon Yong - $500,000 and above
RMG AR23:
https://links.sgx.com/FileOpen/2.%20RMG%...eID=794427
P.S. there are probably some lessons to be learnt here by our co-chairwomen at BWI!
My view is that competition is so intense that even co-founder/Chairman Loo's pay should also be kept in great secrecy, lest some of the billionaires with poor health, decide to poach him to become their personal 24/7 family doctor.
The Board is of the view that, considering the confidential and commercial sensitivities associated with remuneration matters and the highly competitive resource environment in which the Company operates and the importance of ensuring stability and continuity of business operations, it is appropriate for the Company to disclose the remuneration of each individual Director and the CEO on a named basis with breakdown in percentages. Given the sensitivity of remuneration matters, the Company has also opted not to disclose the total remuneration of each individual Director in dollar terms to maintain confidentiality of the remuneration packages of these Directors. For the same reasons, the Company has not provided an upper limit to the remuneration band of “$500,000 and above”. In the wake of recent changes to the Listing Rules announced by the SGX, the Company will review its disclosures on remuneration and make appropriate adjustments in future reports according to SGX-prescribed timelines.
Dr Loo Choon Yong - $500,000 and above
RMG AR23:
https://links.sgx.com/FileOpen/2.%20RMG%...eID=794427
P.S. there are probably some lessons to be learnt here by our co-chairwomen at BWI!
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.