SINGAPORE: Temasek Holdings said on Sunday (Apr 19) that claims that its chief executive Ho Ching's annual salary is 'around S$100 million' are false.
SINGAPORE: Temasek Holdings said on Sunday that claims that its chief executive Ho Ching's annual salary is"around S$100 million" are false.published on its website, the Singapore state investment firm said the claim came from "chatter based on an Asian talk show commentary".The company added that her annual compensation is"neither the highest within Temasek, nor is she amongst the top five highest paid executives" in the company.
"Incentives focus on long term performance, and ensure employees share gains and pains alongside Temasek’s shareholder during the economic cycles," the statement said. It added that compensation practices are reviewed across the financial industry annually as"an added check" to support talent attraction and retention.
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