Disclosure on Remuneration
Principle 9: Each company should provide clear disclosure of
its remuneration policies, level and mix of remuneration,
and the procedure for setting remuneration in the
company’s annual report. It should provide disclosure
in relation to its remuneration policies to enable
investors to understand the link between remuneration
paid to directors and key management personnel,
and performance.
Remuneration of directors
The following table shows the breakdown of the directors’ remuneration for
the financial year ended 30 June 2016:
T
otal
Other Directors’
Name of
remuneration Salary
1
Bonus benefits
2
fees
3
Total
director
$’000
% % % % %
Payable by the
Company:
Independent
directors
Andre Yeap
Poh Leong
66
-
-
-
100 100
Christopher Chong
82
-
-
-
100 100
Meng Tak
Tan Sek Khee
66
-
-
-
100 100
214
Payable by
subsidiaries:
Executive directors
Ang Kok Tian
583
77
6
17
-
100
Ang Ah Nui
569
75
6
19
-
100
Ang Kok Eng
413
85
7
8
-
100
Ang Kok Leong
426
83
7
10
-
100
1,991
Total for directors
of the Company
2,205
1
Inclusive of Employer’s Central Provident Fund contributions
2
Other benefits refer to car benefits
3
The directors’ fees will only be paid upon shareholders’ approval at the forthcoming
annual general meeting of the Company
Governance
Disclosure Guide
Guideline 9.2:
Has the Company
disclosed each
director’s and the CEO’s
remuneration as well as a
breakdown (in percentage
or dollar terms) into base/
fixed salary, variable or
performance-related
income/bonuses, benefits
in kind, stock options
granted, share-based
incentives and awards, and
other long-term incentives?
If not, what are the reasons
for not disclosing so?
ASL Marine Holdings Ltd.
Annual Report 2016
41
