Singapore - Singapore companies are weak in the disclosure of remuneration for their senior executives and directors, a study by SGX and MAS revealed.

In a report by Bernama, the study found that companies often use short term incentives, such as annual bonuses and cash incentives that are inconsistent with creating long term shareholder value. Study author, Associate professor Mak Yuen Teen of NUS, also warned that the lack of transparency could increase the risk of excessive remuneration.

To combat this, MAS and SGX will also explore two initiatives that include director training and professional development in Singapore, as well as offer practical guidance to audit committees on how they can better perform in their role when auditing listed companies.