“There is a news coming out that a fourth operator is coming in. How does that affect Singtel and why is the CEO’s variable remuneration more than the fixed remuneration. Can the board explain how the remuneration committee conduct their checks and balances to ensure that the compensation is correct.”There were also other concerns raised by other shareholders about disruptive technology, the smart nation programme, growth in China, etc. So here are…
The talk of the town in recent months in the telco industry is the impending entrance of a fourth telecommunications company in Singapore and the online backlash surrounding Singtel CEO’s, Chua Sock Koong, high remuneration. Ms Chua took home a salary of S$1.68 million and a variable bonus of S$3.83 million for the year.
These two questions were immediately brought up by one shareholder during Singtel’s AGM:
