Tai Sin

[Ben]

“We are a transparent company driven by corporate governance and shareholder value…..” This is the mission statement of TS, and yes, they certainly lived up to what they said. They are one of the very few companies that disclosed directors’ remuneration in actual amount instead of in band. Bernard Lim and Bobby Lim earn $797K and $466K in FY2013 respectively. Despite achieving record revenue and profits in FY2013, Bernard remuneration increased by a meagre $15K, or 1.9%. I am sure this is far lower than the industry average of working class. Bobby Lim is worst, getting the same amount this year as compared to FY2012. Same for the other IDs, no pay increment this year.

I have no doubt that this is a transparent, prudent and pro shareholders company.