ST Alpha - "Apparently the chairman unilaterally approved extra payments, beyond the published salary, and without the knowledge of the remuneration committee." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 154

In response to "who is approving the payments?? -- nm" by Andie

Apparently the chairman unilaterally approved extra payments, beyond the published salary, and without the knowledge of the remuneration committee.

Posted by Loyola Jun 27 '23, 14:26

Which I have a hard time believing. In any event, corporate governance has jumped out of the window here.

This is causing quite the furore here because the company is a public service provider and is 50% funded by the public.

Responses:

Oh, that's all sorts of not kosher. -- nm - TWuG Jun 27, 14:30 1
- Furthermore, the CEO, whilst having paid tax on these extra payments, and there is no suggestion that these extra payments were in any way illegal…he - Loyola Jun 27, 14:44

Post a message top

Apparently the chairman unilaterally approved extra payments, beyond the published salary, and without the knowledge of the remuneration committee.

Replies are disabled on threads older than 7 days.