24
JUMBO GROUP LIMITED
Corporate Governance
Report
Level and Mix of Remuneration
Details of the remuneration of the Company’s Directors and the Group’s key management personnel for FY2015 are set out below:
(a)
Directors
Name of Director
Fees
Salary
Bonus/
Incentives Benefits
Stock
Option
Share
Award
Total
Remuneration
%
%
%
%
%
%
% Band
Executive Directors
Mr. Ang Kiam Meng
8*
49
33
10
–
–
100
IV
Mdm. Tan Yong Chuan, Jacqueline 12*
50
38
–
–
–
100
III
Mrs. Christina Kong Chwee Huan
–
65
33
2
–
–
100
II
Independent Directors
Mr. Tan Cher Liang
100
–
–
–
–
–
100
I
Dr. Lim Boh Soon
100
–
–
–
–
–
100
I
Mr. Richard Tan Kheng Swee
100
–
–
–
–
–
100
I
* Directors’ fees paid by subsidiaries of the Company
Note:
(1)
Band I: Remuneration of between $0 and $250,000 per annum
Band II: Remuneration of between $250,001 and $500,000 per annum
Band III: Remuneration of between $500,001 and $750,000 per annum
Band IV: Remuneration of between $750,001 and $1,000,000 per annum
The Company has disclosed each Director’s and the CEO and Executive Chairman’s remuneration as a breakdown (in percentage terms)
into fixed salary, variable or performance-related incentives/bonuses, benefits in kind, stock options granted, share-based incentives and
awards. No other long-term incentives and no termination, retirement or post-employment benefits have been granted to the Directors.
The Company has disclosed each Director’s and the CEO and Executive Chairman’s remuneration in bands of $250,000. The Company
believes that it is not in the Company’s interests to disclose the remuneration details (being sensitive and confidential information in a
family business) for FY2015, which was prior to the Company’s listing on the Catalist of the SGX-ST. Each of our Executive Directors has
entered into a service agreement with the Company, which takes effect upon the date of admission of the Company to Catalist. Further
details of the service agreements with our Executive Directors which set out the remuneration of our Executive Directors subsequent to
the Company’s admission to the Catalist of the SGX-ST are set out in the Company’s Offer Document dated 28 October 2015.
(b)
Key Management Personnel
Remuneration of the key management personnel in bands of $250,000
Name of Key
Management Personnel
(1)
Fees
Salary
Bonus/
Incentives Benefits Stock Option Share Award
Total
Remuneration
%
%
%
%
%
%
%
Below $250,000
Mr. Tay Peng Huat
–
72
27
1
–
–
100
Note:
(1)
The Company only has one (1) key management personnel who is not a Director.
