The Edge Financial Daily, 19 August 2014 - Genting Gives Highest Payout to Directors

The Edge Financial Daily, 19 August 2014

Genting gives highest payout to directors

KUALA LUMPUR: Genting Bhd topped the list of highest paid directors, paying the highest remuneration to its entire board last year. The board of directors received RM140.9 million in 2013 compared with RM117 million in 2012, according to the Malaysian Business magazine's annual survey of the highest paid directors. In a statement yesterday, the magazine said it believes Gen ting's highest paid director was executive chairman and chief executive Tan Sri Lim Kok'Ihay, who received remuneration in the band of RM 136.45 million to RM 136.5 million in 2013. This compared with the RM111.55 million to RM111.6 million band previously, it said. In the case of Genting Malaysia Bhd, a unit of Genting Bhd, the highest paid executive, whom the magazine again assumed is Lim, took home between RM57.4 million and RM57.45 million, higher than the RM48.6 million to RM50 million band he enjoyed in 2012. IOI Corp Bhd came in third place with its executive chairman Tan Sri Lee Shin Cheng taking home a higher amount in the band of RM52.1 million to RM52.15 million, compared with RM47.7 million to RM47.74 million previously. Rounding up the top five list of highest paid directors are Trop-icana Corp Bhd group executive vice-chairman Tan Sri Tan Chee Sin and YTL Corp Bhd group executive chairman Tan Sri Yeoh Tiong Lay, said the survey. ?Bernama.