Mr Ang explains this transparency deficit as prompted by the need to retain talent.

"We haven't even thought of (revealing numbers)," he says. "If we are too transparent, it creates unhealthy competition. The remuneration committee knows all the numbers but if you and I start comparing, it creates unhealthy competition. It makes people want to join particular firms just for the money."

s://.straitstimes.com/business/invest/patrick-angs-setting-rajah-and-tann-for-life-after-45