An opinion piece by Managing Partner Tan Chong Huat, Partner Ch’ng Li-Ling and Senior Legal Counsel Dr Tan Lay Hong was published on 4 March 2015 in The Business’ Times Opinion section.
The commentary, titled “Getting the formula for CEO pay right”, suggested that based on a 2013 SID survey, companies may be moving away from a profit-based metric as the sole determinant of CEO pay. 81% of the respondents cited the roles and responsibilities of the executive director as a factor in determining compensation, as compared to the second most popular factor “results achieved” (68%). The commentary asked if this could be a sign of growing dissatisfaction with a profit-based metric for CEO pay
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