A N N U A L R E P O R T 2 0 1 6
44
CORPORATE
GOVERNANCE
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
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 last financial year? If so,
please identify the employee and
specify the relationship with the
relevant Director or the CEO.
Mr Philip Chow Phee Liat is the brother of Ms Chow Hui Shien, the Company¡¯s Deputy
Chief Executive Officer and Executive Director, and he is the Overseas Business
Development Manager of the Group. For FY2016, the remuneration of Mr Philip Chow
Phee Liat was between S$50,000 and S$100,000.
8.2
9.5
Please provide details of the
employee share scheme(s).
The Company has in place the Old Chang Kee Performance Share Scheme. More
information is set out on page 57 of this Annual Report. No share awards have been
granted pursuant to the Old Chang Kee Performance Share Scheme to date.
9.6
(a) Please describe how the
remuneration received by
Executive Directors and key
management personnel has
been determined by the
performance criteria.
The remuneration received by the Executive Directors and key management personnel
takes into consideration his or her individual performance and contribution towards the
overall performance of the Group for FY2016. Their remuneration is made up of fixed and
variable compensations. The fixed compensation consists of an annual base salary, fixed
allowance and annual wage supplement. The variable compensation is determined based
on the level of achievement of corporate and individual performance objectives, and is
dependent on the annual profit of the Group. This remuneration system is designed to
align remuneration with the interests of shareholders and link rewards to corporate and
individual performance so as to promote the long-term sustainability of the Group.
