Nadia Haddad· Director of Rewards, MEA, Qasr Holdings
Asked in Executive Compensation ·
We are a mainboard-listed logistics group in Singapore putting a new performance share plan to shareholders next April. The old plan allowed up to 15% of issued shares over its ten year life, which is the listing rule ceiling, though we only ever used 3.2%.
Two institutional holders have said they will vote against anything above 10%. Management would like to keep the full 15% for flexibility.
Has anyone recently taken a plan to a vote here, and what limit did you settle on?
0 reactions · 1 reply · 4 views
Priya RaghunathanGRS, CSI
Head of People Analytics, Calibre Software
We went with 8% over ten years and an annual sub-limit of 1%, and committed to satisfying awards with treasury shares where possible. Passed with 96%. Given you used 3.2% in a decade, asking for 15% invites the question of what you are planning. A lower headline with an annual cap cost us nothing in practice.
