How much AIA pay their independent director?

[Extremist]

SINGAPORE - Former foreign minister George Yeo has been appointed by insurance giant AIA as an independent non-executive director to the company.

His new position took effect from yesterday.

Mr Yeo, 58 is currently the Vice-chairman of Kerry Group and the Chairman of Kerry Logistics Network Limited.

He is best known for being a Member of the Singapore Parliament from 1988 to 2011. A member of the governing People's Action Party (PAP), he served in various positions including as the Minister for Information and the Arts, Minister for Health, Minister for Trade and Industry and Minister for Foreign Affairs.

He left politics when he lost his seat in Parliament at the 2011 general election when the PAP team he lead lost the Aljunied Group Representation Constituency (GRC) to the Workers' Party.

From 1972 to 1988, he served in the Singapore Armed Forces and attained the rank of Brigadier- General in 1988, when he was director of joint operations and planning in the Ministry of Defence.

He is also a visiting scholar at the Lee Kuan Yew School of Public Policy, patron of the LASALLE College of the Arts and the Eurasian Association, and an advisor to the Sun Yat-Sen Nanyang Memorial Hall.

He is a member of the Foundation Board of the World Economic Forum and the Nicolas Berggruen Institute's 21st Century Council.

Welcoming Mr Yeo to the AIA Board, AIA's Group Chief Executive & President Mr Mark Tucker said: "Throughout a distinguished career in Singapore, George has accumulated vast knowledge and expertise in both the public sector and international business affairs.

"We look forward to the benefit of George's considerable insight as we continue to execute our growth strategy as the leading Pan-Asian insurer."

AIA Group and its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group, with market presence in 14 Asia Pacific countries.

George Yeo joins AIA as independent director

 

[Mdm Tang]

" he can earn much more in the public sector ... " --- mm

 

[valiant20]

He's probably sought after.. for all his affiliations aka connections to Sg/TH/GIC/etc.. makes it easier to do business with these entities & countrY

 

[Mdm Tang]

.



AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the largest independent publicly listed pan-Asian life insurance group in the world. It has wholly-owned main operating subsidiaries or branches in 14 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau and Brunei and a 26 per cent joint venture shareholding in India.

The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$119,494 million as of 31 May 2012.

AIA meets the savings and protection needs of individuals by offering a range of products and services including retirement planning, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia Pacific, AIA serves the holders of more than 24 million individual policies and over 10 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

Information correct as of 27 July 2012.

 

[Mdm Tang]

.

US$155k p.a.


see Stock Exchange Announcement :


http://investors.aia.com/phoenix.zhtml?c=238804&p=irol-newsann&nyo=0

 

[banglat]

Wish I had his kind of money to go fight in the casino.

 

[Equalisation]

.

US$155k p.a.


see Stock Exchange Announcement :


http://investors.aia.com/phoenix.zhtml?c=238804&p=irol-newsann&nyo=0

walaneh ....jobolan so much $$$.

We poorer citizens have a life time around that amount in Cpf and they locked up OUR hard-reaned money till 65 and beyond. This is indeed infuriating to say the least !!!

 

[failpsle]

.

US$155k p.a.


see Stock Exchange Announcement :


http://investors.aia.com/phoenix.zhtml?c=238804&p=irol-newsann&nyo=0

Wahsay so much ah? I should have worked harder when I was in school. Now regret.

 

[blur sotong]

Wahsay so much ah? I should have worked harder when I was in school. Now regret.

Bro failpsle, work harder in school also no use. :o

Board directorship is always appointed on the basis of guanxi aka network or connections, and what that guy can bring to the company. In this case it is likely to be the connections that may allow AIA some advantages in operating in Singapore or elsewhere since he has little direct insurance related experience.

He should spent more time helping Singaporeans, for the benefits of the less fortunate Singaporeans rather than being a running dog of some rich and filty chaps.

 

[blur sotong]

walaneh ....jobolan so much $$$.

We poorer citizens have a life time around that amount in Cpf and they locked up OUR hard-reaned money till 65 and beyond. This is indeed infuriating to say the least !!!

Bro Equalisation, not really CBL. Maybe attend quarterly meeting. Unless kana arrow spearhead projects.

He should spent more time helping the poorer citizens.

What is wroing with him these days. Always profiled for the wrong reason.

 

[Romagnum]

We have been overpaying him for so many years

This is actual market rate for him

 

[blur sotong]

" he can earn much more in the public sector ... " --- mm

Mdm Tang, of course with his multi million pay package that he used to draw.

Does it means that Singaporeans have been overpaying our ministers all these years???

 

[blur sotong]

http://investors.aia.com/phoenix.zhtml?c=238804&p=irol-newsann&nyo=0

Mr. Yeo, aged 58, is currently the Vice-chairman of Kerry Group (HK) Pte Ltd and the Chairman of
Kerry Logistics Network Limited. He is a member of the Foundation Board of the World Economic
Forum and the Nicolas Berggruen Institute’s 21st Century Council. In 2012, Mr. Yeo was presented
with the Order of Sikatuna by the Philippines Government and the Padma Bhushan by the Indian
Government.

What are the citations for those awards? Facilitating Pinoys and Indians to come on shore in large numbers to take away your rice bowls?? I wonder. :*:

The Order of Sikatuna (Filipino: Orden ni Sikatuna) is the national order of diplomatic merit of the Republic of the Philippines. It is conferred upon individuals who have rendered exceptional and meritorious services to the Republic of the Philippines, upon diplomats, officials and nationals of foreign states who have rendered conspicuous services in fostering, developing and strengthening relations between their country and the Philippines, or upon personnel of the Philippine Department of Foreign Affairs (DFA), both in the Home Office and in the Foreign Service.

The Padma Vibhushan is the second highest civilian award in the Republic of India. It consists of a medal and a citation and is awarded by the President of India. It was established on 2 January 1954. It ranks behind the Bharat Ratna and comes before the Padma Bhushan and Padma Shri. It is awarded to recognize exceptional and distinguished service to the nation in any field, including government service.

 

[laksaboy]

http://investors.aia.com/phoenix.zhtml?c=238804&p=irol-newsann&nyo=0



What are the citations for those awards? Facilitating Pinoys and Indians to come on shore in large numbers to take away your rice bowls?? I wonder. :*:

Just like honorary doctorates, such accolades are most likely bought, with money or favors.

 

[Mdm Tang]

Mdm Tang, of course with his multi million pay package that he used to draw.

Does it means that Singaporeans have been overpaying our ministers all these years???

Sir ,


AIA Directorship is but only x 1 on his Portfolio .


Expect more "International Type" of Directorships on the plate on offer :(


The key word is "International" .

 

[Mdm Tang]

" he can earn much more in the public sector ... " --- mm

Correction here :

i mean "Private Sector "

 

[myo539]

walaneh ....jobolan so much $$$.

We poorer citizens have a life time around that amount in Cpf and they locked up OUR hard-reaned money till 65 and beyond. This is indeed infuriating to say the least !!!

"poorer citizens" just soaked up all the goodies the government given out each year. They are a liability. Directors on the other hand open their mouths and make money for the companies. They are an asset for the company.

Insurance companies make money because when you want to make a claim, they will show you the fine exceptions printed in 6 font size that you did not read but acknowledged. If there is an accident claim, you are involved in a "collision" and not an "accident" - which means that your policy is void! Insurance agents are smart people out to con ignorant people.

 

[myo539]

Mdm Tang, of course with his multi million pay package that he used to draw.

Does it means that Singaporeans have been overpaying our ministers all these years???

Between PM Lee and his younger brother, it is the younger one who is lugging the heavy sacks and laughing all the way to the bank!

And the younger brother doesn't have to put up with all the complains and trivialities of the peasants, and shaking hands and forcing a smile with every Tom, Dick and Harry! PM Lee will get much more if he leaves the public service to be like George Yeo. Fortunately, money is not everything to him.

 

[blur sotong]

Between PM Lee and his younger brother, it is the younger one who is lugging the heavy sacks and laughing all the way to the bank!

And the younger brother doesn't have to put up with all the complains and trivialities of the peasants, and shaking hands and forcing a smile with every Tom, Dick and Harry! PM Lee will get much more if he leaves the public service to be like George Yeo. Fortunately, money is not everything to him.

Bro myo539, don't want to talk about that shameful younger one. Since you started, I might as well chip in my share.

Fristly, that younger one of that old fart was parachuted into Singtel from the SAF as an ED. What does he know anything about the biz of Singtel. As if that is not enough, he became the CEO of Sinktel shortly after that. How many of those waiting have to make way for him??

Then he had an affair in Perth with one of his Sinktel colleague. How come there is no charge against him like NBG?

He stood down to avoid further embarrassment and to quell the fury of his wife who threatened to divoice him and blow the whole episode out of control.

That is not the end of the younger one. He joined F&N as a Board Director and eventually became its Chairman. Can you imagine he charged F&N consultant fee over and above that Chairmanship and Directorship fee?

How greedy could that gene be? Shareholders kicked up a fuse at F&N AGM. How shameful!!

Do correct me if any of the above is incorrect. :p