Page 38 - ar2012

Report on Corporate Governance
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 RC 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 RC 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 any director’s fees. Non-executive Directors are paid
director’s 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 FY2012:
NAME OF DIRECTOR SALARY
BONUS/
SHARE BASED
PAYMENT
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% 100%
Mr Razman Ariffin – – – 100% 100%
Mrs Elizabeth Sam – – – 100% 100%
Ms Chew Gek Hiang – – – 100% 100%
Mr David Goh Kay Yong – – – 100% 100%
Mr Yap Chee Keong – – – 100% 100%
Mr Tham Kui Seng – – – 100% 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 FY2012 were as follows:
REMUNERATION BANDS NUMBER OF EXECUTIVES
S$750,000 to S$999,999 1
S$500,000 to S$749,999 1
S$250,000 to S$499,999 3
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