CEO Remuneration

Among the 263 SGX-listed companies analysed by Hay Group, the highest total remuneration received by a CEO is S$11.7 million.

The ranking of median income for CEOs in various industry sectors is as follows:

• Finance – $2.9 million
• Properties – $2.3 million
• Hotels/Restaurants – $1.6 million
• Construction – $1.4 million
• Multi-Industry – $1.1 million
• Commerce – $940k
• Transport/Storage/Communications – $800k
• Manufacturing – $780k
• Others – $625k

Also, according to the Hay Group report, deputy CEOs and COOs are the second-highest paid with a median total remuneration of S$481k, followed by CEOs of subsidiary companies and divisional/regional operation heads (both at a median of S$375k).

Comparing among key functional executives across all industry sectors, we have the following ranking of median total remuneration:

• Executive Chairman/CEO – $875k
• Deputy CEO/COO – $481k
• CEO of subsidiary company – $375k
• Divisional/Regional operation head – $375k
• Top Technology/Design/Product Development executive – $338k
• Top Finance executive – $324k
• Top Human Resource/Administration/Corporate Service executive – $324k
• Top Marketing/Sales/Business Development executive – $324k
• Others – $250k

On the other hand, if we compare the industry sectors, the ranking for median total remuneration of key executives is:

• Finance – $958k
• Properties – $552k
• Multi-Industry – $525k
• Transport/Storage/Communications – $383k
• Commerce – $375k
• Manufacturing – $375k
• Others – $375k
• Construction – $372k
• Hotels/Restaurants – $312k

Reference: Hay Group’s Singapore Top Executive Remuneration Report 2013 (media release)