29
FRENCKEN GROUP LIMITED
ANNUAL REPORT 2014
DISCLOSURE ON REMUNERATION (CONT'D)
Principle 9 (Cont'd)
Remuneration of the top six (6) key management personnel are as follows:
Name of Key Management Personnel
Salary
%
Bonus
%
Fringe
Benefits
%
Directors’
Fees
%
Total
%
$750,001 to $1,000,000
David Wong Keng Yin
53
30
17
-
100
$500,001 to $750,000
William Wong Lai Huat
42
25
33
-
100
Roger Gerardus Elisabeth Hendriks
53
14
33
-
100
$250,000 to $500,000
Antonius Aloysius Marie Wullms
57
10
33
-
100
Koh Ing Chin
46
30
24
-
100
Patsy Cheong Lye Yong
55
24
21
-
100
The aggregate of total remuneration paid or accrued to the top six (6) key management personnel of the Company (who
are not directors or the Chief Executive Officer) for financial year 2014 is $3,317,259.
The Company decided to disclose the remuneration in bands as the Board is of the view that full disclosure of the remuneration
of each individual director and key management personnel in dollar terms is not in the best interests of the Company. This
is due to the sensitive and confidential nature of the matter as well as potential competitive pressures resulting from such
disclosure.
Madam Yap Yock Ran, the spouse of Mr Tan Lai Heng, an Executive Director of the Company, is employed by ETLA Limited,
a subsidiary of the Group, as Senior Director, Human Resource and Administration of ETLA Limited and has received
remuneration in that capacity.
For financial year 2014, saved as disclosed in the following table which shows the breakdown of the remuneration (in
percentage term) of Madam Yap Yock Ran, the Company and its subsidiary companies does not have any other employee
who is an immediate family member of a director or the Chief Executive Officer and whose remuneration exceeds $50,000.
Salary
%
Bonus
%
Total
%
$50,000 to $99,999
Yap Yock Ran
92
8
100
Information on the Company’s Employee Share Option Scheme 2008 such as size of grants, exercise price of options that
were granted as well as outstanding and vesting period of option are set out on pages 36 to 38 of the Annual Report
ACCOUNTABILITY AND AUDIT
Principle 10 The Board should present a balanced and understandable assessment of the company’s performance,
position and prospects.
The Board is accountable to the shareholders and is mindful of its obligations to furnish timely information that present
a balanced and understandable assessment of the company’s performance, position and prospects and to ensure full
disclosure of material information to shareholders in compliance with statutory requirements and the Listing Manual.
Price sensitive information will be publicly released either before the Company meets with any group of investors or analysts
or simultaneously with such meetings. Financial results and annual reports will be announced or issued within the legal
prescribed periods.
CORPORATE GOVERNANCE STATEMENT
(CONT’D)
