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Genting Singapore clarifies executive chairman's pay
It tells SGX a significant portion is from $35m contingent bonus granted but never paid out
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Mr Lim Kok Thay's remuneration for full year 2020 is less than $5 million, says Genting Singapore.
A social network post that raised questions over the remuneration of Genting Singapore executive chairman Lim Kok Thay and some independent directors has drawn a clarification by the casino operator to the Singapore Exchange (SGX).
The company's annual report out on Wednesday showed Mr Lim's total salary to be in the band of $21.25 million to $21.5 million last year, more than double the $9.5 million to $9.75 million paid in 2019.
