Bangkok--15 Aug--Grant Thornton
But just 38% of Thai business leaders think senior executives are paid too much
Two-thirds (67%) of business leaders around the world say that shareholders should have greater involvement in establishing remuneration policy for senior executives at large public companies, rising to 84% in Thailand.
However, in Thailand, just 38% of business leaders think senior executives are paid too much, well below the ASEAN average (54%). Moreover, 62% of Thai business leaders think public companies should disclose the remuneration policy and individual remuneration of executive and non-executive directors, but this is again below the ASEAN average (72%).
Businesses in Thailand are particularly keen to see executive remuneration at public companies be closely linked to performance targets (94%), slightly above both the ASEAN (93%) and global (90%) averages.
The survey was conducted by Experian in May and June 2012 as part of the Grant Thornton International Business Report, a quarterly global business survey of 3,000 public and private businesses.
? In your opinion, are senior executives at large public companies paid too much? (Yes)
Global - 66%
ASEAN — 54%
Thailand — 38%
? Should public companies disclose the remuneration policy and individual remuneration of executive and non-executive directors? (Yes)
Global — 77%
ASEAN — 72%
Thailand — 62%
? Should shareholders have greater involvement in establishing remuneration policy for senior executives at large public companies? (Yes)
Global — 67%
ASEAN — 78%
Thailand — 84%
? Should the roles of CEO and Chairman of the Board be held by different people to ensure greater oversight? (Yes)
Global — 80%
ASEAN — 81%
Thailand — 78%
? In your opinion, should executive remuneration at public companies be closely linked to performance targets? (Yes)
Global — 90%
ASEAN — 93%
Thailand — 94%
For further information please contact:
Lakpilai Worasaphya
Senior Manager, Marketing and Communications
Grant Thornton
T: 02 205 8142
E:
[email protected]