Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. EVPs and SVPs 25% and 20% respectively. WITH no certainty as to when the Covid-19 outbreak will abate, Singapore Airlines (SIA) will continue to press ahead with cutting spend, even after announcing a S$15 billion cash call last week. May 5, 2017 Helpful (1) ... Add Salary Add Benefits Add Interview. Before becoming chairman, Mr Seah received a retainer fee of $160,000 as deputy chairman. This amounts to 10 per cent of the basic salary for all staff below the level of manager, said chief executive officer (CEO) Goh Choon Phong in a memo to staff this week. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. 1 Rating. CEO Goh Choon Phong's salary will be cut by 35 per cent, up from 30 per cent. Outline of two peoples' heads. Work in HR or Marketing? As the Independent Director of Mastercard, the total compensation of Choon Goh at Mastercard is $326,306. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Last updated: 18 June 2020 at 4:15pm EST. Close. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Other leaders will be given pay cuts in the coming months: That decline was partly due to the retirement of directors Stephen Lee Ching Yen, Christina Ong and Lucien Wong Yuen Kai from the board and the appointment of two new directors, Dominic Ho Chiu Fai and Simon Cheong Sae Peng. See All Guides. In the internal note to staff on Friday (28th February) the CEO of Singapore Airlines, Mr Goh Choon Phong, has said that the board of directors and his management team will be taking the lead with a salary cut. SINGAPORE - Singapore Airlines (SIA) paid chief executive Goh Choon Phong 14 per cent less in fiscal 2018, reflecting lower bonuses for a lacklustre fiscal 2017 and lower valuations for his share-based compensation, according to the national carrier's latest annual report. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. $0 was received as non-stock incentive plan compensation, According to SIA Annual Report FY2018/19, Goh earns $1.4 million in salary or about $116K a month. But a log-in is still required for our PDFs. Including bonuses, shares and benefits, his total package amounted to some $5.5 million in the last FY. $0 came from other types of compensation. Grow your employer brand. Other leaders will be given pay cuts in the coming months: Want to do more with your profile? As a member of Board of Directors at Mastercard Inc, Choon Phong Goh made $326,306 in total compensation. They can read the article in full after signing up for a free account. Get a free employer account. CEO gets 35% pay cut. 86 Ratings. Other affected staff will see salary cuts of 10-12%. You may also find the annual proxy statement by going directly to the company's website. This included a base salary of S$1,374,950, bonuses of S$1,046,967, shares of value S$1,643,940 and benefits of S$157,417. Goh Choon Phong. 1 Rating. Total Named Director Compensation: The sum of all dollar values above. Want to remove competitor ads? Goh Choon Phong. Risk management The SIA Group said in a statement that it diversified its network, prepared TR to spread its risks, and provided services to a wide range of passenger and market segments. Although his salary increased to $1.37 million, bonus paid out for FY2017 performance declined to $1.73 million from $1.95 million the year before. Singapore Airlines (SIA) is cutting pay for employees, managers and bosses, a memo by chief executive officer (CEO) Goh Choon Phong to … Grow your employer brand. Thread starter aurvandil; ... Salary $1,094,000 Bonus $1,014,472 Total Annual Compensation $2,108,472 Stock Options* Restricted Stock Awards $1,537,898 All Other Compensation $134,165 Total … This amounts to 10 per cent of the basic salary for all staff below the level of manager, said chief executive officer (CEO) Goh Choon Phong in a memo to staff this week. SIA chairman Peter Seah's total remuneration more than doubled to $763,110 in FY18 from $376,650 a year ago, reflecting his ascension to chairmanship of the board from Jan 1, 2017. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. He added that executive vice presidents will take a 12% cut, while senior vice presidents, 10%. CEO Goh Choon Phong said his base salary will be cut by 30% from April 1, up from the 15% announced earlier. Goh Choon Phong. You can read this subscriber-only article in full, All done! And then there’s Air France-KLM head Ben Smith, who is taking a 25% pay cut while Singapore Airlines’ Goh Choon Phong and Cathay Pacific’s Augustus Tang are both on record as foregoing 30% of their salaries. After that, we will consider the growth in the business. Goh Choon Phong, CEO, Singapore Airlines This is the first time Singapore Airlines has made compulsory redundancies since the SARS crisis in 2003, when a total of 414 staff, including pilots and cabin crew, left the business under similar circumstances. Coronavirus Tips – Working and Protection. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Advertisement. Choon Phong Goh Net Worth Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. Goh Choon Phong - The man who is destroying SIA. This included a base salary of S$1,374,950, bonuses of S$1,046,967, shares of value S$1,643,940 and benefits of S$157,417. This information is according to proxy statements filed for the 2019 fiscal year. The national carrier’s chief executive officer Goh Choon Phong called it “the greatest challenge in the SIA’s Group’s existence” in an internal memo to his staff in March, as international travel came to a virtual halt due to the pandemic. Get unlimited access to all stories at $0.99/month for the first 3 months. Mr Goh received $4.32 million in total remuneration in the year ended March 31, 2018, from $5.02 million the previous year. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. 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