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
2015 is as follows:
Fees
(%)
Salary
(%)
Bonus
(%)
Other
Benefits
(%)
Total
(%)
Non-Independent Executive Directors in the Band of below S$500,000
Wu Zi Heng
-
51
26
23
100
Liu Lian An
-
55
27
18
100
Non-Independent and Non-Executive Directors in the Band of below S$500,000
Liang Yan Feng *
-
39
47
14
100
Ma Zhi Hong *
-
39
47
14
100
Ouyang Chao Mei *
-
30
55
15
100
Independent Directors in the Band of below S$500,000
Tom Yee Lat Shing
100
-
-
-
100
Wang Kai Yuen
100
-
-
-
100
Er Kwong Wah
100
-
-
-
100
Ang Swee Tian
100
-
-
-
100
Note:
* The salary, bonus and other benefits of the incumbent directors are paid by the subsidiaries
Fees
(%)
Salary
(%)
Bonus
(%)
Other
Benefits
(%)
Total
(%)
Executives in the Band of below S$500,000
Ma Hong Han
-
51
26
23
100
Li Man
-
51
25
24
100
Wong Meng Yun
-
61
29
10
100
The Company does not disclose the remuneration of each individual director to the nearest thousand dollars and the aggregate
remuneration of the top three key management personnel 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.
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 2015.
EXECUTIVES’ REMUNERATION
The Company adopts a remuneration strategy that supports a pay-for-performance philosophy. The Company has key
performance indicator to link with Company’s performance and shareholders’ returns. Executives participate in an annual
performance review process that assesses the individual’s performance and contributions.
Corporate Governance and Transparency
CORPORATE
GOVERNANCE
42
COSCO Corporation (Singapore) Limited
Annual Report 2015
