Genting Singapore cuts pay for directors and managers

Submitted By:  Clarist Zablan Case Study:  No Non-executive directors will see a 15% reduction in fees. Genting Singapore has implemented a reduction in fees and salary for its directors and managerial staff as the economy braces for the effects of the COVID-19 pandemic, the company announced in an SGX filing. The group’s non-executive directors will see a 15% reduction in fees for Q1 2020, whilst the executive directors will experience an 18% reduction in the base salary. There will also be a 9-18% reduction in the base salary for all managerial staff. read more