Guideline
Questions
How has the Company complied?
Guideline
9.4
Is there any employee who is
an immediate family member
of a director or the CEO, and
whose remuneration exceeds
S$50,000 during the year?
If so, please identify the
employee and specify the
relationship with the relevant
director or the CEO.
Yes. Mr Ang Sin Liu (Group Advisor), who is the
father of the executive directors, Mr Ang Kok
Tian, Mr Ang Ah Nui, Mr Ang Kok Eng and Mr
Ang Kok Leong.
Guideline
9.6
(a) Please describe how
the remuneration
received by executive
directors and key
management personnel
has been determined
by the performance
criteria.
(b) What were the
performance conditions
used to determine
their entitlement under
the short-term and
long-term incentive
schemes?
(c) Were all of these
performance conditions
met? If not, what were
the reasons?
(a) The remuneration of the executive
directors and key management personnel
comprises primarily a basic salary
component and a variable component
which is the annual bonus, based on the
performance of the Group as a whole and
their individual performance.
(b) Currently the Company has yet to put
in place any short-term and long-term
incentive schemes.
(c) Not applicable.
Risk Management and Internal Controls
Guideline
6.1
What types of information
does the Company provide
to independent directors to
enable them to understand
its business, the business
and financial environment as
well as the risks faced by the
Company? How frequently is
the information provided?
The Board members receive detailed quarterly
management reports and budget variance
reports of the Group and all major divisions
of the Group to enable them to oversee the
Group’s financial and operational performance
as well as analysts’ reports to keep them
apprised of analysts’ views on the Company,
the Company’s performance and market
expectations.
DISCLOSURE GUIDE ON GOVERNANCE
PRACTICES
ASL Marine Holdings Ltd. /Annual Report 2015
55
