Tag Archives: Remuneration

The Workers' Party (WP) MP Pritam Singh announced his gratuity for being given the title as Leader of Opposition. Even though Pritam Singh will be shouldering more responsibilities and spending less time with family, it is admirable how he has decided to take it upon himself to give back even more to the Singaporeans by generously donating 50% of his salary.

We have a pay-for-performance philosophy that measures and rewards short-term, mid-term and long-term performance. Short-term performance is measured through a balanced scorecard approach which rates individuals against financial and non-financial KPIs. Mid-term performance is rewarded by a value-sharing bonus which is dependent on the overall economic profit of the group i.e. excess return over risk-adjusted cost of capital.