The Securities Commission launched its Corporate Governance (CG) Monitor 2019 yesterday and we already know the top 20 highest paid CEOs in Malaysia.
The highest paid CEO was for family-owned companies Genting Bhd (RM168 mil) followed by Genting Malaysia Bhd (RM80.6 mil).
It’s the same person, by the way.
Sapura Energy Bhd’s CEO (RM71.9 mil) came in third and IOI Corp (RM39 mil) fourth.
The highest-paid GLC CEO was from healthcare firm IHH Healthcare Bhd (RM33.89 mil) in fifth place.
GLC banks came in at 15th place with Malayan Banking Bhd (RM10.11 mil), 16th was CIMB Group Holdings Bhd (9.89 mil), and 19th was BIMB Holdings Bhd (8.17 mil).
Telekom Malaysia Bhd’s CEO was number 20 on the list (7.98 mil).
On gender diversity, women participation on the board of directors for the top-100 listed companies had increased to 23.7% last year from 16.6% in 2016.
Here, 28% of senior management positions in all listed companies were women while the average for Asia Pacific is just 23%.
Also, among directors aged 20 to 30 years old, 43% are women compared to only 15% in the 51 to 60 age group.
According to SC chairman Datuk Syed Zaid Albar, this suggests more gender diversity on boards in the future.