REPORT ON CORPORATE GOVERNANCE
The disclosure of details in respect of remuneration of the Directors of the Company is set out in the following table:
Name
Total
Fees
Others
remuneration
(%)
(%)
($’000)
Tan Mok Koon
227
23
77
LimMing Seong
90
100
–
Lee Soo Hoon Phillip
65
100
–
Lim Boh Soon
57
100
–
Sin Boon Ann
52
100
–
Lam Kwok Chong
52
100
–
Tan Hien Meng
10
100
–
Name
Total
Salary
Bonus Provident fund
Other
remuneration
(%)
(%) contributions
benefits
($’000)
(%)
(%)
Executive Directors
Lim Boon Kheng
1,015
47
40
1
12
The disclosure of details in respect of remuneration of the top 5 key executive officers of the Group who are not Directors of the
Company is set out in the following table:
Name
Total
Salary
Bonus
Other
remuneration
(%)
(%)
benefits
($’000)
(%)
Executive A
1,134
37
62
1
Executive B
860
52
47
1
Executive C
840
37
59
4
Executive D
828
45
52
3
Executive E
818
40
60
–
To maintain confidentiality of staff remuneration the names of the top five key executives are not stated.
There are currently no employees whose remuneration exceeds $50,000 per year who are immediate familymembers of a Director
or the Managing Director.
10. Accountability
The Board adopted and commenced quarterly reporting of the Group’s operating and financial performance via SGXNET with
effect from 2002 in an effort to provide the shareholders of the Company with a balanced and understandable assessment of the
Company’s performance, position and prospects on a quarterly basis.
The management of the Company provides the Managing Director with balanced and understandable management accounts of
the Group’s performance, position and prospects on a monthly basis. The Board is briefed on the Group’s performance, position
and prospects on a monthly basis.
11. Audit and Risk Committee
To ensure that corporate governance is effectively practiced, the Directors have established self-regulatory and monitoring
mechanisms, including the establishment of the Audit and Risk Committee.
The members of the Audit and Risk Committee at the date of this report comprise the following Directors:
Non-executive Independent Directors:
Lee Soo Hoon Phillip - Chairman
Sin Boon Ann
Lam Kwok Chong
Tan Hien Meng (appointed as Member on 11 November 2014)
39
ANNUAL REPORT 2014
