Executive Directors’ and Key Executives’ Remuneration
Each of our executive directors and key executives is entitled to, inter alia, a base salary and performance-related incentives
linked to the individual’s performance, which is assessed based on their respective performance indicators such as competencies,
key result areas, performance ratings and potential of the individual and the Group’s financial performance. The terms of our
executive directors’ and key executives’ service agreements and their remuneration packages are subject to review by the RC.
There are no excessive or onerous removal clauses in these service agreements.
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 FY2015 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
9
30
57
1
3
100 1,241
Simon Ong Chin Sim
8
30
58
1
3
100 1,227
Chong Siew Ling
5
29
55
1
10
100 1,009
Independent Directors
Prabhakaran S/O Narayanan Nair
100
–
–
–
–
100
45
Wong Ah Long
100
–
–
–
–
100
43
Tan Cher Liang
100
–
–
–
–
100
47
(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$500,000 to S$749,999
Alex Wee Huat Seng
1
45
45
3
6
100
Andrew Cheng Oon Teck
–
45
47
3
5
100
Krez Peok Chong Eng
5
41
51
3
–
100
S$250,000 to S$499,999
Roy Ong Chin Kwan
2
60
30
4
4
100
Gerald Tay Kay Sock
2
61
26
4
7
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$2,427,000.
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 FY2015 falls in the band of S$350,000 to S$400,000.
Save as disclosed above, there are no other employees who are related to a director, whose remuneration exceeds S$50,000.
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