By VICTOR JUMAMore by this AuthorChief executive of Standard Chartered Bank of Kenya #ticker:SCBK Lamin Manjang earned a total of Sh104 million in the year ended December, the lender has disclosed in its latest annual report. Mr Manjang, who has worked for several subsidiaries of the parent company Standard Chartered Plc, was paid Sh101 million in the previous year. He earned a basic pay of Sh37 million in the year ended December when he also received a bonus of Sh10.8 million, deferred cash (Sh7.2 million), share-based awards (Sh18.7 million), non-cash benefits (Sh28.7 million) and pension (Sh1.4 million). His compensation for the previous year comprised a basic pay of Sh33.8 million, bonus (Sh12.1 million), deferred cash of Sh8.1 million, stock awards (Sh15.1 million), non-cash benefits (Sh30.3 million) and Sh1.4 million for pension. “Deferred share awards are used to deliver the deferred portion of variable remuneration, in line with both market practice and the Standard Chartered Group’s regulatory requirements,” the company said.

Source: Daily Nation May 04, 2018 03:56 UTC