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60
Singapore Airlines Annual Report 05/06
The directors have pleasure in presenting their report together with the audited fi nancial statements of the Group and of the
Company for the fi nancial year ended 31 March 2006.
1 Directors of the Company
The names of the directors in office at the date of this report are:
Stephen Lee Ching Yen – Chairman (appointed as Chairman on 1 January 2006)
Chew Choon Seng – Chief Executive Officer (Executive)
Chia Pei-Yuan (Independent)
Fock Siew Wah
Charles B Goode (Independent)
Ho Kwon Ping (Independent)
James Koh Cher Siang (appointed on 1 August 2005) (Independent)
Sir Brian Pitman (Independent)
Davinder Singh (Independent)
David Michael Gonski (appointed on 9 May 2006) (Independent)
Mr Stephen Lee Ching Yen was elected by the Board in October 2005 to succeed Mr Koh Boon Hwee on Mr Koh’s retirement
as Chairman at the end of 2005.
2 Arrangements to Enable Directors to Acquire Shares and Debentures
Neither at the end of the fi nancial year, nor at any time during that fi nancial year, did there subsist any arrangements to which
the Company is a party, whereby directors might acquire benefi ts by means of the acquisition of shares and share options in,
or debentures of, the Company or any other body corporate other than pursuant to the Singapore Airlines Limited Employee
Share Option Plan (ESOP), the SIA Restricted Share Plan (RSP) and the SIA Performance Share Plan (PSP). The RSP and PSP were
approved by shareholders at the Extraordinary General Meeting of the Company held on 28 July 2005. Non-executive Directors
are not eligible to participate in the Plans. There have been no awards under the RSP and PSP since their adoption. Please see
section 5 of this Report for options granted under ESOP.
3 Directors’ Interests In Ordinary Shares, Share Options And Debentures
The following directors who held offi ce at the end of the fi nancial year have, according to the register of directors’ shareholdings
required to be kept under Section 164 of the Singapore Companies Act, Cap. 50, an interest in the ordinary shares, share options
and debentures of the Company, and of related companies (other than wholly-owned subsidiary companies):
Direct interest Deemed interest
––––––––––––––––––––––––––––––––––––––––––––––––– –––––––––––––––––––––––––––––––––––––––––––––––––
1.4.2005/ 1.4.2005/
date of date of
Name of Director appointment 31.3.2006 21.4.2006 appointment 31.3.2006 21.4.2006
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Interest in Singapore Airlines Limited
Ordinary shares
Stephen Lee Ching Yen 10,000 10,000 10,000 – – –
Chew Choon Seng 214,000 214,000 214,000 – – –
Charles B Goode – – – 50,000 50,000 50,000
James Koh Cher Siang 4,000 4,000 4,000 – – –
Options to subscribe for ordinary shares
Chew Choon Seng 834,000 1,074,000 1,074,000 – – –
REPORT BY THE BOARD OF DIRECTORS