ANNUAL REPORT 2015
25
Corporate Governance
Report
The Company has disclosed its key management personnel’s remuneration in bands of $250,000 as well 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.
There are no other long-term incentives and no termination, retirement or post-employment benefits for the key management personnel.
During FY2015, the following immediate family members of a Director or the CEO and Executive Chairman were employees of the Group:
Name of employees who are
immediate family members
Relationship with the Directors or
CEO and Executive Chairman of the Group
Remuneration Band
Mr. Ang Hon Nam
Father of Mr. Ang Kiam Meng and Mrs. Christina
Kong Chwee Huan
III
Mr. Ang Kiam Lian
Brother of Mr. Ang Kiam Meng and Mrs. Christina
Kong Chwee Huan
II
Mdm. Wendy Ang Chui Yong
Sister of Mr. Ang Kiam Meng and Mrs. Christina
Kong Chwee Huan
I
Dr. Kong Kim Kok
Spouse of Mrs. Christina Kong Chwee Huan, and
brother-in-law of Mr. Ang Kiam Meng
I
Note:
(1)
Band I: Remuneration of between $100,001 – $150,000 per annum
Band II: Remuneration of between $150,001 – $200,000 per annum
Band III: Remuneration of between $250,001 – $300,000 per annum
Save as disclosed above, there are no other employees who are related to a Director, whose remuneration exceeds $50,000.
Employee Share Scheme(s)
The Company has adopted the Share Option Scheme and Performance Share Plan. The Share Option Scheme and Performance Share Plan will
provide eligible participants with an opportunity to participate in the equity of the Company and to motivate them towards better performance
through increased dedication and loyalty. The Share Option Scheme and Performance Share Plan, which form an integral part and important
component of the employee compensation plan, are designed to primarily reward and retain Directors and employees whose services are vital to
our well-being and success. As the date of this Annual Report, no options and/or awards have been granted under the Share Option Scheme and
Performance Share Plan respectively.
Further details of the Share Option Scheme and Performance Share Plan are set out in the Company’s Offer Document dated 28 October 2015.
