CP’s compensation strategy was set to cultivate a pay-for-performance culture. CP’s senior management personnel had a substantial portion of cash compensation linked to performance-based variables to reflect their contribution to the firm’s financial performance. Yung’s total remuneration was made up of 94 per cent of discretionary bonuses and share-based payment, while for Managing Director Henry Fan Hung Ling, it was 95 per cent. On top of his compensation, Yung received an additional HK$569 million in dividends from his 19 per cent stake in CP.