Sunny verghese salary comparison

Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SGD.

Olam Group Limited engages in the sourcing, processing, packaging, and merchandising of agricultural products worldwide. It operates through Olam Food Ingredients, Olam Agri, and Remaining Olam Group segments. The company offers cocoa, coffee, dairy, nuts, and spices; grains and oilseeds, feed and proteins, edible oils, rice, specialty grains and seeds, cotton, rubber, animal feed and protein, poultry breeding, wood products, and commodity financial services. In addition, the company offers noodles under the Cherie and Tasty Tom brand names; tomato mix, which is used to prepare jollof rice, stews, soups, and various other items under the De Rica, Tasty Tom, Festin, and Tasty Tom Jollof Mix brand names; and markets monosodium gluta

I started collating the salaries of CEOs of SGX-listed companies back in 2019 and I thought it’s a good idea to make it an annual tradition. But it is extremely tedious to do so because I have to analyse every Singapore listed companies’ annual report to get the exact figures. I hope I’ll have the stamina to do it in the coming years (please motivate me!).

2020 was a notable year because of the Covid pandemic and it would be interesting to see if the overall CEO remuneration declined that year. I will be discussing this in the later sections.

Here are some things you should know before I share the results:

• Not all the companies report their financial statements at the end of the year. While most companies’ financial year ended on the 31 of December 2020, others’ financial year ended on another month of that year. Some companies would have suffered the full impact of Covid, while those that released their financial report before the 31 of March 2020 would see less of an impact. Thus, I will only take information from reports issued in 2020.
• I only took note of the remuneration for the key executive. Hence, keep in mind the data presented here isn’t for the entire board; it is only for one key personnel of the company.
• Determining the key personnel can be tricky at times. Sometimes a company has both a “CEO” and a “Managing Director”,  while a handful of others don’t have CEOs, only non-executive directors. I used my own judgement to decide who is the leader – I simply picked the one with the highest salary.
• Determining the exact remuneration can be quite tricky too – it can be broken down into salary, bonuses, stock options, investments, and benefits in kind. I have taken all of these into consideration. Bear in mind that the renumeration in this report isn’t all cash.
• Some companies do not disclose the salaries of their key executive. Thus, I omitted these companies from my list.
• Some companies disclose the salaries