The CG Monitor 2019 report is likely to rekindle the income disparity debate in Malaysia. The overall market capitalization of those 100 companies amounted to MYR1.44 trillion and represented around 80% of Malaysia’s entire equity market capitalization, according to the CG Monitor 2019 report.Ī CEO’s total remuneration includes salary, bonus, benefits, and other emoluments an executive receives over the course of a year. The ranking was based on the market capitalization of the companies at December 31, 2018. The CG Monitor 2019 took into consideration the remuneration packages of Chief Executives of the top 100 companies listed on the Main Market of Bursa Malaysia. Lim received remuneration of MYR168 million for serving as CEO of Genting Bhd and of MYR80.61 million for his role as CEO of Genting Malaysia Bhd, according to the Corporate Government Monitor 2019 published by the Securities Commission earlier this week.
Last year, Tan Sri Lim Kok Thay earned nearly MYR250 million (approximately $60.2 million) from two listed companies owned by Genting Group. The CEO of gaming and hospitality powerhouse Genting Group has emerged as Malaysia’s highest paid executive of 2018, according to a recently released report by the Malaysian Securities Commission
