By Gabriel Chen

DBS Group Holdings chairman Koh Boon Hwee plans to donate $2 million he is set to receive in additional pay to causes that support the 'importance of learning and education'.

This 'special remuneration' from DBS is in recognition of Mr Koh's services when he assumed an 'active management oversight' role from Jan 1 to April 30 last year. This was prior to Mr Richard Stanley's appointment as DBS chief executive on May 1, last year.

Usually, as non-executive chairman of the board, Mr Koh does not have a direct management role. He received an additional sum of between $250,000 and $500,000 for that role last year.

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