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ComfortDelGro Group's board and senior management to take pay cuts

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COMFORTDELGRO Group's board and senior management will take a voluntary cut in directors' fees and pay respectively amid the Covid-19 crisis. Read more at The Business Times.

COMFORTDELGRO Group's board and senior management will take a voluntary cut in directors' fees and pay respectively amid the Covid-19 crisis.

Directors of the group's three listed companies - ComfortDelGro, SBS Transit and Vicom – will have their directors' fees cut by 20 per cent till the end of the year. Managing director and group chief executive Yang Ban Seng will take a 15 per cent pay cut, while all senior management ranked vice-president and above will have their salary cut by 10 per cent.Group chairman Lim Jit Poh said the group will continue to look into how it can reduce non-essential expenditure while ensuring"there is no degradation to our services".

 

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Covid-19: ComfortDelGro cuts directors’ fees and senior management's paySINGAPORE — Transport operator ComfortDelGro is the latest company to announce that it is cutting the fees and salaries of its board of directors and senior management due to the Covid-19 pandemic. Riding the storm together?
Source: TODAYonline - 🏆 1. / 99 Read more »