New guide to help companies tackle remuneration matters
The book uses best practices and case studies to explain key remuneration concepts and regulations in Singapore, as well as the responsibilities, issues and challenges faced by members of a remuneration committee.
- Posted 15 Jan 2016 11:25
- Updated 15 Jan 2016 11:32
SINGAPORE: A guide on remuneration matters was launched by the Singapore Institute of Directors on Friday (Jan 15) to help companies navigate the “prickly issue” with their employees.
Called the Remuneration Committee Guide, the book uses best practices and case studies to explain key remuneration concepts and regulations in Singapore, as well as the responsibilities, issues and challenges faced by members of a remuneration committee.
The book is the second in a series about corporate governance launched by the association. The first book, the Nominating Committee, was released in August last year.
(Photo: Patrick John Lim)
Singapore Institute of Directors chairman Willie Cheng said remuneration is a “prickly issue” for most companies.
"Across the world, there are increasing concerns and scrutiny on matters such as the level and basis of executive remuneration. This guide aids remuneration committees who have the unenviable task of balancing the myriad of stakeholder interests, complexities and requirements that relate to remuneration matters," he said.
SGX CEO Loh Boon Chye, who was the guest of honour at the launch of the book, said: "Among regulatory compliance and disclosure matters, remuneration matters deserve equally robust and considered deliberation by boards.
"The guidelines will help set the tone and expectations for remuneration committees, provide guidance on common issues and questions companies may have, and in the long run, help companies to tackle remuneration matters transparently," he added.