DEFINING DESIGN
QUALITY
26
Independent Directors’ Remuneration
The independent directors have not entered into service agreements with the Company. Each independent director receives
a basic fee and additional fees for serving on any of the committees, which is determined by the Board, taking into account
the effort, time spent and responsibilities of the director. Such fees are subject to approval of the shareholders at each AGM
of the Company.
Level and Mix of Remuneration
The remuneration of the Company’s directors and the Group’s key executives for FY2014 is set out below. Overall, the
Company’s executive directors and the Group’s key executives have met the key performance objectives required of them.
No termination, retirement or post-employment benefits have been granted to the Company’s directors and the Group’s
key executives.
(a)
Directors
Fees
Salary
Bonus /
Incentives Benefits
Share
Award
Total
Remuneration
Name of Director
%
%
%
%
%
% S$’000
Executive Directors
Soh Siak Poh Benedict
10
29
58
1
2
100 1,257
Simon Ong Chin Sim
9
29
59
1
2
100 1,248
Chong Siew Ling
6
31
50
2
11
100
860
Independent Directors
Prabhakaran S/O Narayanan Nair
100
-
-
-
-
100
50
Wong Ah Long
100
-
-
-
-
100
43
Tan Cher Liang
100
-
-
-
-
100
43
(b)
Key Executives
Remuneration of the top five key executives in bands of S$250,000 (who are not directors of the Company)
Fees
Salary
Bonus /
Incentives Benefits
Share
Award
Total
Remuneration
Name of Key Executive
%
%
%
%
%
%
S$750,000 to S$999,999
Alex Wee Huat Seng
2
27
67
2
2
100
S$500,000 to S$749,999
Francis Yee Chee Kong
4
29
62
2
3
100
Roy Ong Chin Kwan
3
39
53
3
2
100
Krez Peok Chong Eng
6
52
39
3
-
100
Andrew Cheng Oon Teck
-
41
53
3
3
100
The aggregate amount of the total remuneration paid to the Group’s top five key executives (who are not directors or chief
executive officer) is S$3,170,000.
Mr Roy Ong Chin Kwan is the brother and thus an immediate family member of Mr Simon Ong Chin Sim, our Group
Managing Director and Executive Director. Mr Roy Ong Chin Kwan’s remuneration for FY2014 falls in the band of S$550,000
to S$600,000. Save as disclosed above, there are no other employees who are related to a director, whose remuneration
exceeds S$50,000.
Employee Share Scheme
Pursuant to the Scheme, an aggregate of 1,236,310 fully-paid shares, constituting approximately 0.6% of the total number of
issued shares of the Company (excluding treasury shares), were awarded and issued in FY2014. Since the commencement
of the Scheme, an aggregate of 5,083,110 fully-paid shares, constituting approximately 2.6% of the total number of issued
shares of the Company (excluding treasury shares), have been awarded and issued.
Further details of the Scheme are set out in the section entitled “Directors’ Report” of this Annual Report.
Corporate Governance Report
