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37
SIA Annual Report 02/03
9.2 The remuneration of Directors is set out below:
* Chew Choon Seng was appointed to the Board on 5 March 2003. The disclosure includes remuneration received during the financial year prior to his
appointment as director.
** Lim Chee Onn retired from the Board on 13 July 2002.
# Includes profit-sharing bonus determined on an accrual basis for the financial year ended 31 March 2003. In respect of Cheong Choong Kong, it
comprises profit-sharing bonus.
The remuneration of Directors as disclosed above is computed based on the net fees payable.
None of the employees of the Company were an immediate family member of any Director or the Chief Executive Officer,
and whose remuneration exceeded $150,000 in 2002-03.
9.3 Details of the Company’s Employee Share Option Plan can be found on pages 60 and 61 of the Report by the Board
of Directors.
9.4 The remuneration of the Company’s key executives for 2002-03 is as follows:
# Includes profit-sharing bonus determined on an accrual basis for the financial year ended 31 March 2003.
Between $1,750,001 to $2,000,000
Cheong Choong Kong
Between $750,001 to $1,000,000
Chew Choon Seng *
Below $250,000
Koh Boon Hwee
Edmund Cheng Wai Wing
Fock Siew Wah
Charles B Goode
Ho Kwon Ping
Lim Boon Heng
Davinder Singh
Lim Chee Onn**
Fee
%
2
1
80
88
96
100
95
–
94
79
Salary
%
50
51
–
–
–
–
–
–
–
–
Fixed
%
21
5
–
–
–
–
–
–
–
–
Variable#
%
11
27
–
–
–
–
–
–
–
–
Benefits
%
16
16
20
12
4
–
5
–
6
21
Total
%
100
100
100
100
100
100
100
–
100
100
Stock options granted
during the year
Number
228,000
152,000
–
–
–
–
–
–
–
–
Exercise
Price
$
12.82
12.82
–
–
–
–
–
–
–
–
Bonus
Between $1,000,001 to $1,250,000
Michael Tan Jiak Ngee
Between $750,001 to $1,000,000
LG Bey Soo Khiang
Huang Cheng Eng
Fee
%
3
–
–
Salary
%
51
52
51
Fixed
%
4
5
5
Variable#
%
27
27
28
Benefits
%
15
16
16
Total
%
100
100
100
Stock options granted
during the year
Number
152,000
152,000
114,000
Exercise
Price
$
12.82
12.82
12.82
Bonus