City Developments Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Sherman Kwek

Chief executive officer

S$3.9m

Total compensation

CEO salary percentage25.5%
CEO tenure6.2yrs
CEO ownershipn/a
Management average tenure6.2yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Is City Developments (SGX:C09) Using Too Much Debt?

Mar 22
Is City Developments (SGX:C09) Using Too Much Debt?

City Developments Limited Just Missed Earnings - But Analysts Have Updated Their Models

Mar 01
City Developments Limited Just Missed Earnings - But Analysts Have Updated Their Models

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 77% Above Its Share Price

Dec 08
City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 77% Above Its Share Price

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Nov 20
Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Is City Developments (SGX:C09) A Risky Investment?

Nov 01
Is City Developments (SGX:C09) A Risky Investment?

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 46% Above Its Share Price

Sep 04
City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 46% Above Its Share Price

At S$7.12, Is It Time To Put City Developments Limited (SGX:C09) On Your Watch List?

Aug 09
At S$7.12, Is It Time To Put City Developments Limited (SGX:C09) On Your Watch List?

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

May 19
These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Apr 20
Is There Now An Opportunity In City Developments Limited (SGX:C09)?

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

Dec 23
These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

What Does City Developments Limited's (SGX:C09) Share Price Indicate?

Nov 01
What Does City Developments Limited's (SGX:C09) Share Price Indicate?

City Developments (SGX:C09) Takes On Some Risk With Its Use Of Debt

Aug 15
City Developments (SGX:C09) Takes On Some Risk With Its Use Of Debt

What Is City Developments Limited's (SGX:C09) Share Price Doing?

Feb 09
What Is City Developments Limited's (SGX:C09) Share Price Doing?

Is City Developments (SGX:C09) Using Debt Sensibly?

Dec 28
Is City Developments (SGX:C09) Using Debt Sensibly?

Is City Developments (SGX:C09) Using Too Much Debt?

Sep 20
Is City Developments (SGX:C09) Using Too Much Debt?

Is There An Opportunity With City Developments Limited's (SGX:C09) 35% Undervaluation?

Aug 03
Is There An Opportunity With City Developments Limited's (SGX:C09) 35% Undervaluation?

Why City Developments Limited (SGX:C09) Could Be Worth Watching

Jul 06
Why City Developments Limited (SGX:C09) Could Be Worth Watching

A Look At The Fair Value Of City Developments Limited (SGX:C09)

Apr 30
A Look At The Fair Value Of City Developments Limited (SGX:C09)

Is City Developments (SGX:C09) Using Too Much Debt?

Mar 25
Is City Developments (SGX:C09) Using Too Much Debt?

City Developments'(SGX:C09) Share Price Is Down 44% Over The Past Three Years.

Feb 21
City Developments'(SGX:C09) Share Price Is Down 44% Over The Past Three Years.

Something To Consider Before Buying City Developments Limited (SGX:C09) For The 2.7% Dividend

Jan 24
Something To Consider Before Buying City Developments Limited (SGX:C09) For The 2.7% Dividend

What Type Of Shareholders Own The Most Number of City Developments Limited (SGX:C09) Shares?

Jan 06
What Type Of Shareholders Own The Most Number of City Developments Limited (SGX:C09) Shares?

Are City Developments's (SGX:C09) Statutory Earnings A Good Guide To Its Underlying Profitability?

Dec 19
Are City Developments's (SGX:C09) Statutory Earnings A Good Guide To Its Underlying Profitability?

Is City Developments Limited (SGX:C09) Potentially Undervalued?

Dec 06
Is City Developments Limited (SGX:C09) Potentially Undervalued?

City Developments' (SGX:C09) Stock Price Has Reduced 37% In The Past Three Years

Nov 22
City Developments' (SGX:C09) Stock Price Has Reduced 37% In The Past Three Years

CEO Compensation Analysis

How has Sherman Kwek's remuneration changed compared to City Developments's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

S$305m

Sep 30 2023n/an/a

S$262m

Jun 30 2023n/an/a

S$219m

Mar 31 2023n/an/a

S$746m

Dec 31 2022S$4mS$986k

S$1b

Sep 30 2022n/an/a

S$1b

Jun 30 2022n/an/a

S$1b

Mar 31 2022n/an/a

S$648m

Dec 31 2021S$2mS$776k

S$72m

Sep 30 2021n/an/a

-S$947m

Jun 30 2021n/an/a

-S$2b

Mar 31 2021n/an/a

-S$2b

Dec 31 2020S$1mS$863k

-S$2b

Sep 30 2020n/an/a

-S$886m

Jun 30 2020n/an/a

S$193m

Mar 31 2020n/an/a

S$350m

Dec 31 2019S$3mS$851k

S$552m

Sep 30 2019n/an/a

S$542m

Jun 30 2019n/an/a

S$600m

Mar 31 2019n/an/a

S$659m

Dec 31 2018S$2mS$858k

S$544m

Compensation vs Market: Sherman's total compensation ($USD2.87M) is above average for companies of similar size in the SG market ($USD1.77M).

Compensation vs Earnings: Sherman's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Sherman Kwek (48 yo)

6.2yrs

Tenure

S$3,866,739

Compensation

Mr. Eik Tse Kwek, also known as Sherman, serves as Non-Executive Director of IREIT Global since December 1, 2022. Mr. Kwek has been Group Chief Executive Officer of City Developments Limited (“CDL”) since...


Leadership Team

NamePositionTenureCompensationOwnership
Leng Beng Kwek
Executive Chairman of the Board55.2yrsS$7.78m0.044%
SGD 2.3m
Eik Tse Kwek
Group CEO & Executive Director6.2yrsS$3.87mno data
Yim Ming Yiong
Group Chief Financial Officer8.2yrsno datano data
Eik Sheng Kwek
Group Chief Operating Officer2.2yrsno datano data
Gerald Yong
Chief Investment Officerless than a yearno datano data
Ong Siew Toh
Senior Vice President of Group Accountsno datano datano data
Ivan Ng
Chief Technology Officer8.2yrsno datano data
Cindy Tan
Head of Administration Departmentno datano datano data
Belinda Lee
VP and Head of IR & Corporate Communicationsno datano datano data
Sharifah Shah
Senior Vice President of Legalno datano datano data
Adeline Ong
Senior Vice President of Sales & Marketingno datano datano data
Esther An
Chief Sustainability Officerno datano datano data

6.2yrs

Average Tenure

49yo

Average Age

Experienced Management: C09's management team is seasoned and experienced (6.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leng Beng Kwek
Executive Chairman of the Board55.2yrsS$7.78m0.044%
SGD 2.3m
Eik Tse Kwek
Group CEO & Executive Director4.8yrsS$3.87mno data
Liat Kok Yeo
Non-Independent Non-Executive Director14.8yrsS$91.00kno data
Kian Seng Tan
Independent Non-Executive Directorless than a yearno datano data
Daniel Marie Ghislain Desbaillets
Non-Executive & Independent Director3.3yrsS$139.00kno data
Yoon Chou Chong
Non Executive & Independent Director3.3yrsS$235.00kno data
Ai Ai Wong
Independent Non-Executive Director2.2yrsS$135.00kno data
Swee Liang Chan
Independent Non-Executive Director3.3yrsS$233.00kno data
Lian Jin Ong
Non-Executive & Independent Director3.4yrsS$159.00kno data
Jee Cheng Lee
Lead Independent Director3.2yrsS$287.00kno data

3.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: C09's board of directors are considered experienced (3.3 years average tenure).


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