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36
Singapore Airlines Annual Report 05/06
CORPORATE GOVERNANCE REPORT
For the period 1 April 2005 to 31 March 2006
The BCOC annually reviews and approves recommendations on remuneration policies and packages for key executives,
and implements and administers the Company’s Restricted Share Plan and Performance Share Plan for key senior
management and senior executives based on performance, and the Company’s Employee Share Option Plan. It ensures
that there are suffi cient candidates recruited and/or promoted to leadership positions, which include monitoring the
leadership development programme. The BCOC also ensures that talent is tapped and equitably distributed throughout
the SIA Group of companies, and encourages closer working relationship and management exchanges within the Group.
The Directors’ fees proposed to be paid in 2005-06 is $965,833. Mr Koh Boon Hwee will waive his fees in respect of all
the Board Committees he sat on and Mr Chew Choon Seng’s fees will be retained by the Company. The total Directors’
fees payable will amount to $795,833 and is derived using the following rates:
Basic Retainer Board Member $50,000
Allowances Board Chairman $50,000
Chairman of Audit & Risk Committee, $35,000
Board Executive Committee,
Board Finance Committee
Chairman of other Board Committees, $25,000
Member of Audit & Risk Committee
Member of other Board Committees $15,000
The following table shows the constitution (in percentage terms) of the remuneration of Directors, including those
appointed and resigned/retired during the year. The remuneration of Directors as disclosed is computed based on the
net fees payable.
Stock options granted
Bonus during the year
Fee Salary Fixed Variable# Benefi ts Total Number Exercise
price
% % % % % % $
Below $250,000
Stephen Lee Ching Yen 91 – – – 9 100 – –
Koh Boon Hwee* 91 – – – 9 100 – –
Fock Siew Wah 99 – – – 1 100 – –
Charles B Goode 100 – – – – 100 – –
Ho Kwon Ping 98 – – – 2 100 – –
Davinder Singh 100 – – – – 100 – –
Sir Brian Pitman 100 – – – – 100 – –
Chia Pei-Yuan 100 – – – – 100 – –
James Koh Cher Siang 100 – – – – 100 – –
Between $2,750,001 to $3,000,000
Chew Choon Seng – 34 3 58 5 100 240,000 11.28
* Mr Koh Boon Hwee stepped down from the Board on 31 December 2005.
# Includes profi t-sharing bonus determined on an accrual basis for the fi nancial year ended 31 March 2006. Director’s fees were retained by
the Company.
None of the employees of the Company were an immediate family member of any Director or the Chief Executive
Offi cer for the period 1 April 2005 to 31 March 2006.