Michele Lim, CEO of the Institute of Corporate Directors Malaysia (ICDM), said non-executive directors (NEDs) in Malaysia might see an increase in remuneration fees due to the significant pay gap between NEDs and executive directors. At a briefing on the Malaysian Board and Senior Management Remuneration Practices Report, Lim emphasised the importance of aligning remuneration with a company's objectives, performance, and market standards. Shai Ganu, Willis Towers Watson’s managing director, mentioned that although 78% of surveyed companies find the current NED remuneration fair, it is significantly lower compared to countries like Singapore. The report, which analysed 176 of Malaysia's top public-listed companies, identified financial services as having the highest director remuneration, while technology had the lowest.
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