Director Pay & Governance: 2024 Data Revealed

Enterprise Explores

From governance costs ranging between RM500k and RM3.5 million to board diversity extending beyond gender and age, this episode of Enterprise Explores unpacks findings from the 2024 Directors’ Remuneration Report, a joint initiative by Aon and FIDE FORUM. We examine how financial institutions structure compensation for their boards—and the implications for governance, accountability, and talent retention.

We explore the spectrum of governance expenses while delving into key issues of transparency, diversity, and continuous director education. The discussion also addresses how Malaysia can align its board practices with global governance standards to bolster oversight and strengthen leadership.

Joining the conversation are Tay Kay Luan, CEO of the Financial Industry Education Forum (FIDE FORUM), and Rahul Chawla, Head of Talent Solutions for Aon in Southeast Asia. They highlight the importance of ongoing education for directors, given the rising stakes in cybersecurity, ESG, and other complex risks. We also discuss why fair, transparent pay is crucial for attracting top board talent—and how institutions can balance public scrutiny with the need to avoid underqualified or ill-prepared directors.

Whether you’re a corporate board member, a financial-sector stakeholder, or simply curious about the evolving governance landscape, this conversation provides actionable insights on diversity, director remuneration, and best practices shaping boardrooms today.

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