Finance minister urges Securities Commission to study CEO-worker pay disparity at profitable firms | Malay Mail

Lim reminded corporate Malaysia to steer their companies towards a more sustainable future. — Picture by Ahmad Zamzahuri

“If Malaysian companies perform, the contributions of their employees should be duly rewarded. Compensation of employees in Malaysia as a percentage of GDP stood at only 35.2 per cent in 2017 whereas countries such as Singapore and South Korea are well above 40 per cent. Lim reminded corporate Malaysia to steer their companies towards a more sustainable future by adopting sound, ethical, and legal governance as well as financial management policies including ensuring that pay is aligned with performance.

Simple, why not the employees just be their own boss then? Then they can have any amount of salary they wish to have.

Were going to have mutineers amongst the companies now.

It's nothing SC can do about, but surely CEO compensation should be deliberated at AGMs and duly approved by shareholders

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite large overhang, finance minister upbeat more Malaysian property will sell in 2019 | Malay MailKAJANG, April 30 ― Finance Minister Lim Guan Eng is optimistic that more people will be buying Malaysian houses and commercial property this year. He noted that 2018 property market showed a slight increase in both transaction and volume, the first increase in four years despite a bigger overhang...
Source: malaymail - 🏆 1. / 86 Read more »

Finance Minister denies govt neglecting development in Sarawak, says RM41b allocated | Malay MailKUALA LUMPUR, May 4 — Finance Minister Lim Guan Eng today refuted claims that the Pakatan Harapan (PH) government had neglected the infrastructure development of Sarawak. He said the ruling party has allocated RM4.3 billion for the state this year alone, which is more than what the previous...
Source: malaymail - 🏆 1. / 86 Read more »