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TRANS

FORM

ATION

LEVEL AND MIX OF REMUNERATION (Principle 8)

The Company adopts a performance-based approach to compensation where employees’ remuneration is linked to individual

and corporate performances. The Remuneration Committee sees the importance of a market competitive remuneration

strategy to attract, retain and motivate employees to high performance that creates value for the shareholders. Remuneration

is determined according to the following general components: salary, contractual bonus and incentive bonus.

During the year under review, the Remuneration Committee met, discussed and approved the compensation for the senior

executives of the Group. Presently, the Company does not have any share option scheme.

Taking into account the performance of the Group and the responsibilities and performance of the Directors, directors’ fees (for

the Board and the various Board Committees) were set in accordance with a remuneration framework comprising responsibility

fees and attendance fees. The Executive Chairman does not receive directors’ fees. Non-executive Directors are paid directors’

fees, subject to approval at the Annual General Meeting. The non-executive Directors have no service contracts. No individual

Director fixes his own remuneration.

DISCLOSURE ON REMUNERATION (Principle 9)

Summary compensation table for the Directors of the Company in all capacities for the year ended 31 December 2011:

Name of Director

Salary

Bonus / Share

Based Pay-

ment

Benefits in

kind

Directors’

fees

Total

S$750,000 – S$1,000,000

Ms Chew Gek Khim

100%

–

100%

Below S$250,000

Tan Sri Dato’ Dr Lin See-Yan

–

100%

Mr Razman Ariffin

–

100%

Mrs Elizabeth Sam

–

100%

Ms Chew Gek Hiang

–

100%

Mr David Goh Kay Yong

–

100%

Mr Yap Chee Keong

–

100%

Mr Tham Kui Seng

–

100%

There are no employees of the Group who are immediate family members of a Director earning more than S$150,000 a year.

The bands of remuneration of the top five key executives (who are not also Directors) for FY2011 were as follows:

Remuneration Bands

Number of Executives

S$500,000 to S$749,999

3

S$250,000 to S$499,999

1

Below S$250,000

1

REPORT ON

CORPORATE GOVERNANCE