Ex-DJ Dasmond Koh's NoonTalk Media says management pay is fair despite losses

Remuneration committee says it aims to stay competitive in attracting, retaining talent

- Kang Wan Chern Deputy Business Editor

NoonTalk Media's key management personnel are paid fairly, despite the company recording losses each year since it listed on the Singapore Exchange (SGX) Catalist board in 2022, its remuneration committee (RC) said.

The RC remains satisfied that management remuneration is “fair and justifiable” and noted that pay decisions are based on defined key performance indicators, performance milestones and market benchmarks, minutes of its Oct 31 annual general meeting (AGM) showed.

According to the minutes, which were filed on SGX on Nov 25, RC chairman Cruz Teng noted that the committee adopts a “fair and systematic” framework and aims to stay competitive in attracting and retaining talent.

He added that executives operate under service agreements that clearly set out their roles and responsibilities.

Mr Teng was responding to shareholder Bay Guan Seng’s question during the AGM on how key management performance was assessed over three consecutive years of losses and whether NoonTalk Media’s performance review framework reflects a culture of accountability.

The RC also noted that the company is in “an experimental phase and taking calculated risks to pursue new content opportunities”.