30
LHN Limited Annual Report
Report on
Corporate Governance
Principle 9 – Disclosure on Remuneration
The breakdown (in percentage terms) of the remuneration of Directors of the Company for FY2015 is set
out below
:
Directors
Salary and
allowance
(2)
(%)
Fixed Bonus
(2)
(%)
Variable
Bonus
(2)
(%)
Director
’
s
Fees
(1)
(%)
Total
l5)
(100%)
(S$
’
000)
Kelvin Lim
(3)
85
15
–
–
401
Jess Lim
(3)
83
17
–
–
168
Lee Gee Aik
(4)
–
–
–
100
35
Ch
’
ng Li-Ling
(4)
–
–
–
100
29
Eddie Yong
(4)
–
–
–
100
29
There are only two top Key Management Personnel in the Company for FY2015
.
The breakdown (in percentage
terms) of the remuneration of two top Key Management Personnel (who are not also Directors) of the Group
for FY2015 is set out below
:
Remuneration Band and Name
of Key Management Personnel
Designation
Salary and
allowance
(2)
(%)
Variable
Bonus
(2)
(%)
Total
(%)
From S$0 to S$250
,
000
Yeo Swee Cheng
Chief Financial Officer
83
17
100
Wong Sze Peng
,
Danny
(
“
Danny Wong
”
)
General Manager
85
15
100
Notes
:
(1) The director
’
s fees are subject to shareholders
’
approval at the forthcoming AGM
.
(2) The salary
,
allowance and variable bonus amounts shown are inclusive of Singapore
’
s Central Provident Funds
.
(3) Remuneration of Mr Kelvin Lim and Ms Jess Lim is calculated based on the date of admission of the Company on the Catalist of the
SGX-ST on 13 April 2015 and the service agreements
,
where applicable
,
took effect on the same date
.
(4) Remuneration of Mr Lee Gee Aik
,
Ms Ch
’
ng Li-Ling and Mr Eddie Yong has been pro-rated with effect from 10 March 2015 based on
the date of initial appointment as the Company
’
s Director
.
(5) Rounded to the nearest one thousand dollars
.
In aggregate
,
the total remuneration paid to the two top Key Management Personnel was S$393
,
300 in
FY2015
.
There is no employee who is an immediate family member of a Director and/or the Chairman and
MD whose remuneration exceeded S$50
,
000 during FY2015
.
The remuneration received by the Executive Directors and Key Management Personnel takes into
consideration his or her individual performance and contribution toward the overall performance of the Group
for FY2015
.
Their remuneration is made up of fixed and variable compensations
.
The Executive Directors
fixed compensation consists of an annual base salary
,
fixed allowance and bonus as set out on pages 291
and 292 of the Offer Document
.
For Key Management Personnel
,
the variable compensation is determined
based on the level of achievement of corporate and individual performance objectives
.
