I refer to TRS article “Is the Singaporean taxpayer subsidising Ho Ching’s bonus” by Kenneth Jeyaretnam.
As stakeholders of Temasek Holdings, all citizens have the right to know not only the bonus of its CEO but the annual pay package of all its directors.
PAP is obligated to disclose the amount of reserves used to remunerate Temasek directors. Instead, PAP has privatised public funds and Temasek has no statutory obligation to disclose any information it prefers to conceal.
Last year, Temasek and the PMO refused to reply to my query on Temasek directors’ remuneration. Why? Is the remuneration so highly embarrassing if disclosed? After some research, I estimate Temasek CEO’s pay package to be at least $20 million. This is based on the following:
– In 2012, the compensation of DBS Group CEO Piyush Gupta hit a record of $9.33 million.
– In 2011, Keppel…
View original post 726 more words