Finance minister urges Securities Commission to study CEO-worker pay disparity at profitable firms
Lim reminded corporate Malaysia to steer their companies towards a more sustainable future. — Picture by Ahmad Zamzahuri
“If Malaysian companies perform, the contributions of their employees should be duly rewarded. Compensation of employees in Malaysia as a percentage of GDP stood at only 35.2 per cent in 2017 whereas countries such as Singapore and South Korea are well above 40 per cent. Lim reminded corporate Malaysia to steer their companies towards a more sustainable future by adopting sound, ethical, and legal governance as well as financial management policies including ensuring that pay is aligned with performance.
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