IGB Berhad Management

Management criteria checks 4/4

IGB Berhad's CEO is Boon Lee Tan, appointed in Jan 2023, has a tenure of 1.33 years. total yearly compensation is MYR2.24M, comprised of 98.9% salary and 1.1% bonuses, including company stock and options. directly owns 3.12% of the company’s shares, worth MYR104.53M. The average tenure of the management team and the board of directors is 5.3 years and 4.7 years respectively.

Key information

Boon Lee Tan

Chief executive officer

RM2.2m

Total compensation

CEO salary percentage	98.9%
CEO tenure	1.3yrs
CEO ownership	3.1%
Management average tenure	5.3yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

Reflecting on IGB Berhad's (KLSE:IGBB) Share Price Returns Over The Last Year

Jan 24

CEO Compensation Analysis

How has Boon Lee Tan's remuneration changed compared to IGB Berhad's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	RM312m
Sep 30 2023	n/a	n/a	RM245m
Jun 30 2023	n/a	n/a	RM235m
Mar 31 2023	n/a	n/a	RM172m
Dec 31 2022	RM2m	RM2m	RM159m
Sep 30 2022	n/a	n/a	RM374m
Jun 30 2022	n/a	n/a	RM268m
Mar 31 2022	n/a	n/a	RM213m
Dec 31 2021	RM3m	RM3m	RM162m
Sep 30 2021	n/a	n/a	-RM82m
Jun 30 2021	n/a	n/a	-RM7m
Mar 31 2021	n/a	n/a	-RM16m
Dec 31 2020	n/a	n/a	RM9m
Sep 30 2020	n/a	n/a	RM80m
Jun 30 2020	n/a	n/a	RM129m
Mar 31 2020	n/a	n/a	RM177m
Dec 31 2019	RM3m	RM3m	RM209m
Sep 30 2019	n/a	n/a	RM241m
Jun 30 2019	n/a	n/a	RM243m
Mar 31 2019	n/a	n/a	RM251m
Dec 31 2018	RM8k	n/a	RM236m

Compensation vs Market: Boon Lee's total compensation ($USD469.31K) is about average for companies of similar size in the MY market ($USD420.78K).

Compensation vs Earnings: Boon Lee's compensation has been consistent with company performance over the past year.

CEO

Boon Lee Tan (59 yo)

1.3yrs

Tenure

RM2,238,722

Compensation

Mr. Boon Lee Tan is Group Chief Executive Director of IGB Berhad from January 1, 2023. He was Non-Independent and Non-Executive Director of IGB REIT Management Sdn Bhd at IGB Real Estate Investment Trust u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Boon Lee Tan	Group CEO & Executive Director	1.3yrs	RM2.24m	3.12% MYR 104.5m
Mei Sian Tan	Deputy CEO	no data	RM1.07m	0.10% MYR 3.4m
Lai Sim Chai	Chief Financial Officer	5.9yrs	no data	no data
Khim Chon Wong	Deputy Chief Executive Officer of IGB REIT Management	2.9yrs	no data	no data
Lai Yin Chan	Group Company Secretary	5.9yrs	no data	no data
Antony Barragry	Chief Executive Officer of IGB REIT Management Sdn Bhd	11.7yrs	no data	no data
Yee Seng Tan	Chief Executive Officer of Tan & Tan Developments Berhad	5.3yrs	no data	no data
Hooi Guan Loo	Chief Executive Officer of Cititel Hotel Management Sdn Bhd	4.3yrs	no data	no data

5.3yrs

Average Tenure

62yo

Average Age

Experienced Management: IGBB's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Boon Lee Tan	Group CEO & Executive Director	1.8yrs	RM2.24m	3.12% MYR 104.5m
Mei Sian Tan	Deputy CEO	3.4yrs	RM1.07m	0.10% MYR 3.4m
Lei Cheng Tan	Non-Executive Non-Independent Chairman	23.7yrs	RM287.18k	1.92% MYR 64.2m
Chung Tan	Non-Independent Non-Executive Director	9.4yrs	RM3.79m	0.59% MYR 19.7m
Hui Tan	Alternate Director	1.8yrs	no data	0.0034% MYR 114.1k
Kok Lee	Independent Non-Executive Director	2.3yrs	RM133.83k	no data
Chaing Huat Lee	Senior Independent Non-Executive Director	9.4yrs	RM175.48k	no data
Zaha Binti Zahari	Independent Non Executive Director	5.9yrs	RM161.98k	no data

4.7yrs

Average Tenure

60yo

Average Age

Experienced Board: IGBB's board of directors are considered experienced (4.7 years average tenure).

IGB Berhad Management

Management criteria checks 4/4

Key information

Recent management updates

IGB Berhad Announces Retirement of Chai Lai Sim as the Group Chief Financial Officer

IGB Berhad Appoints Chow Yeng Keet as Group Chief Financial Officer, Effective 01 May 2024

IGB Berhad, Annual General Meeting, May 28, 2024

IGB Berhad Announces Re-Designation of Seri Robert Tan Chung Meng from Non Independent and Non Executive Group Chief Executive Officer to Non Independent and Non Executive

IGB Berhad Appoints Mr. Tan Boon Lee as Executive Director

IGB Berhad Announces Cessation of Mr. Daud Mah Bin Abdullah @ Mah Siew Whye as Member of Nomination Committee

Recent updates

IGB Berhad Announces Retirement of Chai Lai Sim as the Group Chief Financial Officer

IGB Berhad Appoints Chow Yeng Keet as Group Chief Financial Officer, Effective 01 May 2024

IGB Berhad, Annual General Meeting, May 28, 2024

Full year 2023 earnings released: EPS: RM0.23 (vs RM0.12 in FY 2022)

Upcoming dividend of RM0.07 per share at 4.3% yield

IGB Berhad Announces Interim Dividend for the Financial Year End 31 December 2023, Payment Date 21 December 2023

Third quarter 2023 earnings released: EPS: RM0.043 (vs RM0.035 in 3Q 2022)

IGB Berhad Announces Interim Dividend for the Financial Year End 31 December 2023, Payment Date 21 December 2023

Price target increased by 14% to RM2.00

Second quarter 2023 earnings released: EPS: RM0.083 (vs RM0.037 in 2Q 2022)

New major risk - Revenue and earnings growth

First quarter 2023 earnings released: EPS: RM0.062 (vs RM0.047 in 1Q 2022)

Full year 2022 earnings released: EPS: RM0.18 (vs RM0.18 in FY 2021)

Upcoming dividend of RM0.05 per share

Third quarter 2022 earnings released: EPS: RM0.053 (vs RM0.066 loss in 3Q 2021)

IGB Berhad Announces Re-Designation of Seri Robert Tan Chung Meng from Non Independent and Non Executive Group Chief Executive Officer to Non Independent and Non Executive

IGB Berhad Appoints Mr. Tan Boon Lee as Executive Director

Second quarter 2022 earnings released: EPS: RM0.055 (vs RM0.006 loss in 2Q 2021)

IGB Berhad Announces Cessation of Mr. Daud Mah Bin Abdullah @ Mah Siew Whye as Member of Nomination Committee

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

IGB Berhad, Annual General Meeting, May 30, 2022

Upcoming dividend of RM0.05 per share

Full year 2021 earnings: EPS and revenues miss analyst expectations

IGB Berhad Declares Interim Dividend for the Financial Year Ended December 31, 2021, Payable on March 18, 2022

Upcoming dividend of RM0.10 per share

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2021 earnings released: RM0.006 loss per share (vs RM0.018 loss in 2Q 2020)

Director Zaha Binti Zahari has joined 5th company board

First quarter 2021 earnings released: RM0.009 loss per share (vs RM0.023 profit in 1Q 2020)

Full year 2020 earnings released: EPS RM0.011 (vs RM0.30 in FY 2019)

New 90-day high: RM2.67

Revenue misses expectations

Full year 2020 earnings released: EPS RM0.011 (vs RM0.31 in FY 2019)

New 90-day low: RM2.50

Reflecting on IGB Berhad's (KLSE:IGBB) Share Price Returns Over The Last Year

IGB Berhad Announces Appointment of Tan Mei Sian as Alternate Director

Third quarter 2020 earnings released: EPS RM0.02

New 90-day high: RM2.69

New 90-day low: RM2.51

IGB Berhad Announces Appointment of Tan Boon Seng as Non Independent and Non Executive Alternate Director

New 90-day low: RM2.56

New 90-day low: RM2.58

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age