Annual Report 2016
CORPORATE
GOVERNANCE
REPORT
Shareholders’approvalwillbesoughtat theAGMof theCompanyon25April2017, for thepaymentof
Directors’feesproposedfor thefinancialyearending2017amounting to$262,763(FY2016:$262,763).
Principle 9:Disclosure onRemuneration
Disclosure ofRemuneration
TheDirectors’ remuneration for FY2016 is set out below:
Name ofDirectors
Fees
($)
Salary,
CPF&
Allowance
($)
Bonus
($)
Other
Benefits*
($)
Total
($)
LimHoSeng
72,187
-
-
-
72,187
DrBenetyChang
-
488,850
35,700
-
524,550
JeanetteChang
(1)
-
288,540
20,400
-
308,940
TanYangGuan
-
-
-
144,000
144,000
WongMengYeng
65,450
-
-
-
65,450
AngMiahKhiang
62,563
-
-
-
62,563
HanSahHeokVicky
62,563
-
-
-
62,563
Notes:
(1)
Ms JeanetteChang is the daughter ofDrBenetyChang, Chief ExecutiveOfficer.
* This relates to consultancy fees paidby theGroup.
BasicFee forBoardMembers
$38,500 per annum
Additional fee:
-Allowance forBoardChairman
75.0% ofBasicFee
-Allowance for Lead IndependentDirector
20.0% ofBasicFee
-Audit CommitteeChairman
50.0% ofBasicFee
-Audit CommitteeMembers
25.0% ofBasicFee
- Remuneration /NominatingCommitteeChairman
25.0% ofBasicFee
-Remuneration /NominatingCommitteeMembers
12.5% ofBasicFee
The Company does not have any long-term incentive or share option scheme in place.
The framework forNon-ExecutiveDirectors’fee is set out below.
SUSTAINABILITY
-
60
-
Sustainability
