Singapore Airlines 2004 Annual Report Download - page 36

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34 SIA Annual Report 03/04
The Directors’ remuneration for 2003-04 is $628,625 ($570,834 in 2002-03) and is derived using the following rates:
The Company
_______________________________________________
Type of appointment 2003-04 2002-03
$$
Full Full 50% waived
___________________________________________________________________________________________________________________________________
(i) Board of Directors
– Basic fee 40,000 40,000 20,000
– Chairman’s allowance 40,000 40,000 20,000
– Deputy Chairman’s allowance – – –
(ii) Board Executive Committee
– Chairman’s allowance 20,000 20,000 10,000
– Member’s allowance 10,000 10,000 5,000
(iii) Audit & Risk Committee
– Chairman’s allowance 24,000 24,000 12,000
– Member’s allowance 12,000 12,000 6,000
(iv) Board Finance Committee
– Chairman’s allowance 20,000 20,000 10,000
– Member’s allowance 10,000 10,000 5,000
(v) Board Compensation and
Organization Committee
– Chairman’s allowance 12,000 12,000 6,000
– Member’s allowance 6,000 6,000 3,000
(vi) Other Board Committees
– Chairman’s allowance 12,000 12,000 6,000
– Member’s allowance 6,000 6,000 3,000
Four Directors, namely Koh Boon Hwee (in respect of all the Board Committees he sits on), Cheong Choong Kong,
Chew Choon Seng and Lim Boon Heng have waived their fees entirely. The total Directors’ fees payable will amount to $455,000
(2002-03: $206,167).
The following table shows the constitution (in percentage terms) of the remuneration of directors, including those appointed
and resigned/retired during the year, in bands of $250,000. The remuneration of Directors as disclosed is computed based on
the net fees payable.