Singapore Airlines 2003 Annual Report Download - page 38

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SIA Annual Report 02/0336
8. COMPANY SECRETARIES
8.1 The Directors have separate and independent access to the Company Secretaries. The role of Company Secretary has
been defined by the Board to include supervising, monitoring and advising on the compliance by the Company with
its Memorandum and Articles of Association, laws and regulations, and the SGX-ST Listing Manual; communicating
with the SGX-ST, the Registry of Companies and Businesses, and Shareholders on behalf of the Company; and performing
such other duties of a company secretary, as required under laws and regulations or as specified in the SGX-ST Listing
Manual, or the Company’s Articles of Association, or as required by the Chairman of the Board or the Chairman of any
Board Committee or the Directors (or any of them), as the case may be.
9. REMUNERATION REPORT
9.1 The Directors’ remuneration for 2002-03 includes directors’ fees and allowances of $570,834 ($648,960 in 2001-02,
before accounting for a 15 per cent waiver taken by the Directors) and is derived using the following:
All the Directors have agreed to waive 50 per cent of their fees in respect of 2002-03 (2001-02: 15 per cent). 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 further agreed to waive their fees entirely. The total Directors’ fees payable will
amount to $206,167 (2001-02: $462,579).
Type of Appointment 2002-03 2001-02 2000-01
$$$
Full 50% waived Full 15% waived Nil Waived
(i) Board of Directors
– Basic fee 40,000 20,000 40,000 34,000 40,000
– Chairman’s allowance 40,000 20,000 40,000 34,000 40,000
– Deputy Chairman’s allowance –– ––20,000
(ii) Board Executive Committee
– Chairman’s allowance 20,000 10,000 20,000 17,000 20,000
– Member’s allowance 10,000 5,000 10,000 8,500 10,000
(iii) Audit and Risk Committee
– Chairman’s allowance 24,000 12,000 24,000 20,400 20,000
– Member’s allowance 12,000 6,000 12,000 10,200 10,000
(iv) Board Finance Committee
– Chairman’s allowance 20,000 10,000 20,000 17,000 20,000
– Member’s allowance 10,000 5,000 10,000 8,500 10,000
(v) Board Compensation and
Organization Committee
– Chairman’s allowance 12,000 6,000 –– –
– Member’s allowance 6,000 3,000 –– –
(vi) Other Board Committees
– Chairman’s allowance 12,000 6,000 12,000 10,200 20,000
– Member’s allowance 6,000 3,000 6,000 5,100 10,000
The Company