Page 44 - ar2013.pdf

SEO Version

42
COSCO Corporation (Singapore) Limited
DISCLOSURE ON REMUNERATION
Principle 9
DIRECTORS’ AND KEY MANAGEMENT PERSONNEL REMUNERATION
The Directors’ and the top three key management personnel’s remuneration table for the financial year ended 31 December
2013 is as follows:
Fees (%)
Salary (%)
Bonus (%)
Other
Benefits (%)
Total (%)
Non-Independent Executive Director in the band of S$500,000 to S$750,000
Wu Zi Heng
0
38
46
16
100
Non-Independent Executive Directors in the Band of below S$500,000
Liu Lian An
0
46
41
13
100
Non-Independent and Non-Executive Directors in the Band of below S$500,000
Liu De Tian *
(1)
0
4
93
3
100
Ouyang Chao Mei *
(2)
0
65
5
30
100
Wang Yu Hang *
0
35
56
9
100
Ma Zhi Hong *
0
35
56
9
100
Independent Directors in the Band of below S$500,000
Tom Yee Lat Shing
100
0
0
0
100
Wang Kai Yuen
100
0
0
0
100
Er Kwong Wah
100
0
0
0
100
Ang Swee Tian
100
0
0
0
100
Notes:
* The salary, bonus and other benefits of the incumbent directors are paid by the subsidiaries.
1
Mr Liu De Tian resigned as Alternate Director to Mr Wang Yu Hang on 25 January 2013.
2
Mr Ouyang Chao Mei was appointed as Alternate Director to Mr Wang Yu Hang on 25 January 2013.
The Company does not disclose the remuneration of each individual director and the top three key management personnel
to the nearest thousand dollars in accordance with the Principle 9.2 and 9.3 of the 2012 CG Code respectively, as the Board
of Directors believes that it is not in the best interest of the Company to fully disclose such information given the highly
competitive industry conditions for ship building and offshore marine engineering sectors particularly in the Peoples’ Republic
of China.
Fees (%)
Salary (%)
Bonus (%)
Other
Benefits (%)
Total (%)
Executives in the Band of below S$500,000
Ma Hong Han
0
45
34
21
100
Li Man
0
48
29
23
100
Wong Meng Yun
0
48
41
11
100
None of the employees of the Company and its subsidiary companies was an immediate family member of a Director and
whose remuneration exceeded S$50,000 during the financial year ended 31 December 2013.
CORPORATE
GOVERNANCE
Corporate Gover nance and Transparency