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SEE HUP SENG LIMITED
Annual Report 2012
20
Corporate Governance Report
The Company adopts a remuneration policy for Executive Directors and key management staff comprising a fixed
component and a variable component. The fixed component is in the form of a base salary. The variable component
is in the form of a variable bonus that is linked to the Company and individual performance. The RC recommends to
the Board’s endorsement, a framework of remuneration which covers all aspects of remuneration, including but is not
limited to directors’ fees, salaries, allowances, bonuses, share options, and benefits-in-kind and specific remuneration
packages for each director.
The Non-Executive Directors receive directors’ fees, in accordance with their contributions, taking into account factors
such as responsibilities, effort and time spent for serving on the Board and Board Committees. Directors’ fees are
recommended by the Board for approval as a lump sum payment at the AGM.
The remuneration of the Directors and key executives of the Company for the year ended 31 December 2012 are set
out below:
Remuneration band and name
Fees
Salary
Bonus
Others
(1)
Total
Directors – From S$500,000 to S$749,999
Tan Thoo Chye, Jimmy
–
70%
29%
1%
100%
Directors – From S$250,000 to S$499,999
Lim Siok Kwee, Thomas
–
69%
28%
3%
100%
Goh Koon Seng
–
76%
19%
5%
100%
Chan Huan Yong
–
77%
19%
4%
100%
Directors – Below S$250,000
Teo Choon Kow, William
100%
–
–
–
100%
Foo Meng Kee
100%
–
–
–
100%
Wu Yu Liang
100%
–
–
–
100%
Key Executives – From S$250,000 to S$499,999
Ang Keng Boon, Bernard
–
76%
22%
2%
100%
Fong Wei Seong
–
75%
19%
6%
100%
Key Executives – Below S$250,000
Tan Teck Seng, Ronnie
–
72%
12%
16%
100%
Leow Kim Hock
–
72%
12%
16%
100%
Timothy Kevin Callery
–
82%
18%
–
100%
Tan Thoo Huat, Winson
–
80%
17%
3%
100%
Wong Soon Meng, Dave
–
80%
17%
3%
100%
(1)
Include employer contribution to the Central Provident Fund and benefits-in-kind such as club memberships, transport allowance and use of
company vehicles etc.