An opinion piece by Managing Partner Tan Chong Huat, Partner Ch’ng Li-Ling and Senior Legal Counsel Dr Tan Lay Hong was published on 4 March 2015 in The Business’ Times Opinion section.
The commentary, titled “Getting the formula for CEO pay right”, suggested that based on a 2013 SID survey, companies may be moving away from a profit-based metric as the sole determinant of CEO pay. 81% of the respondents cited the roles and responsibilities of the executive director as a factor in determining compensation, as compared to the second most popular factor “results achieved” (68%). The commentary asked if this could be a sign of growing dissatisfaction with a profit-based metric for CEO pay
To read the full article, please click here.
RHTLaw Taylor Wessing congratulates our APG member firm Siam City Law Offices for being the only Thai law firm on the ‘Firms To Watch 2015’ list put together by Asian Legal Business (ALB).
Leveraging on access to other countries in ASEAN through RHTLaw Taylor Wessing’s ASEAN Plus network, Siam City Law Offices was quoted as saying, “Since we have a good understanding of clients in Asia, we have set up firms in Myanmar and Laos to further expand our horizon and to be one of the leading full-service service commercial law firms of choice for local, regional, national and international clients in the Southeast Asia region.”
ALB’s Firms To Watch 2015 list celebrates law firms that may be small in size but big in potential. The list was compiled taking into account submissions from the firms themselves, along with market feedback and ALB’s own insight into Asia’s legal industry.
Channel NewsAsia announced today that RHTLaw Taylor Wessing plans to list its professional services arm, RHT Holdings, on the Catalist Board of the Singapore Exchange (SGX) by the first quarter of 2016.
Managing Partner Tan Chong Huat was quoted as saying, “It does validate the model that a Singapore firm does not need only to focus on law businesses to grow, and that adjacent business opportunities can also be captured by subsidiaries. “The move to list is partly driven because of the competition out there. A few major international law firms are already ahead in setting up non-law professional outfits to support their legal business – so we intend to stay ahead of the competition.”
The Straits Times announced today that RHT Holdings is preparing for a listing on the Catalist board of the Singapore Exchange (SGX) by the first quarter of next year.
Managing Partner Tan Chong Huat was quoted as saying, “The inception of RHT Holdings and our decision to list on the SGX Catalist board are a reflection of our international ambitions. We now wish to tap capital markets, to accelerate growth both in Singapore and internationally. The latest Budget measure, announced on Monday, to raise the tax allowance for merger and acquisition (M&A) activities, will help spur RHT's growth."