Singapore’s Family-Run Firms Lack Pay Transparency, Study Shows

Singapore-listed companies are replete with executive directors that are either substantial shareholders or related to them, and firms aren’t disclosing enough about how pay is decided.

About three in four executive directors are substantial shareholders or are family members, according to a study released Monday by the National University of Singapore Business School’s Centre for Investor Protection. These directors tend to be better compensated, raising the question of potentially excessive remuneration for these companies, the authors led by Mak Yuen Teen said.