FRENCKEN GROUP LIMITED
ANNUAL REPORT 2014
28
LEVEL AND MIX OF REMUNERATION
Principle 8 The level and structure of remuneration should be aligned with long-term interest and risk policies
of the company, and should be appropriate to attract, retain and motivate (a) the directors to
provide good stewardship of the company, and (b) key management personnel to successfully
manage the company. However, companies should avoid paying more than is necessary for this
purpose.
In setting remuneration packages, the Remuneration Committee will take into consideration the pay and employment
conditions within the industry and comparable companies and the broad guidelines recommended by the Singapore
Institute of Directors. The remuneration of Non-Executive Directors will also be reviewed to ensure that the remuneration
commensurate with the contribution and responsibilities of the Non-Executive Directors.
The Company will submit the quantum of Directors’ fees of each year to the shareholders for approval at each Annual
General Meeting.
DISCLOSURE ON REMUNERATION
Principle 9 Every 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.
A breakdown showing the level and mix of each individual Director’s remuneration payable for financial year 2014 is as
follows:
2014
2013
$500,001 to $750,000
1
1
$250,000 to below $500,000
2
2
Below $250,000
5
5
Total
8
8
Name of Director
Salary
%
Bonus
%
Fringe
Benefits
%
Directors’
Fees
%
Total
%
$500,001 to $750,000
Hendrik Gezinus Tappel
53
16
31
-
100
$250,000 to $500,000
Gooi Soon Hock* (demised on 30
December 2014)
86
-
14
-
100
Sim Mong Huat
76
15
9
-
100
Below $250,000
Tan Lai Heng
89
-
11
-
100
Tan Sri Larry Low Hock Peng
-
-
8
92
100
Chia Chor Leong
-
-
8
92
100
Ling Yong Wah
-
-
4
96
100
Yeo Jeu Nam
-
-
8
92
100
* Remuneration for the period from 1 January 2014 to 30 December 2014
CORPORATE GOVERNANCE STATEMENT
(CONT’D)
