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Singapore Airlines 38 Annual Report 2006-07
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Current New
S$ S$
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Board Retainers Board Member 50,000 80,000
Chairman 100,000 160,000
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Committee Retainers Chairman of Executive Committee and Audit Committee 35,000 50,000
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Chairman of other Board Committee, 25,000 35,000
Member of Executive Committee and Audit Committee*
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Member of other Board Committee 15,000 20,000
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Attendance fees Home-based – 1,000
In-region 5,000 6,000
Out-region 5,000 12,000
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
* The new retainer for ExCo members is proposed to be the same as the retainer for AC members, in recognition of the volume of transactions requiring the ExCo’s
deliberation throughout the year.
The net Directors’ fees proposed to be paid in 2006-07 is S$1,319,304 [FY 05-06: S$930,833]. Mr Chew Choon Seng’s fees
will be retained by the Company.
The following table shows the composition (in percentage terms) of the remuneration of Directors, including those
appointed and resigned/retired during the year.
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Performance
and Restricted
Shares granted
Bonus during the year
––––––––––––––––––––––– –––––––––––––––––––––––– ––––––––––––––––––
Fee Salary Fixed Variable # Benefi ts Total Number Exercise Number
% % % % % % price $
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Below $250,000
Stephen Lee Ching Yen 99 – – – 1 100 – – –
Chia Pei-Yuan 99 – – – 1 100 – – –
Euleen Goh Yiu Kiang 100 – – – 0 100 – – –
David Michael Gonski 100 – – – 0 100 – – –
Ho Kwon Ping 93 – – – 7 100 – – –
James Koh Cher Siang 100 – – – 0 100 – – –
Sir Brian Pitman 100 – – – 0 100 – – –
Davinder Singh 99 – – – 1 100 – – –
Charles B Goode* 97 – – – 3 100 – – –
Fock Siew Wah* 98 – – – 2 100 – – –
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Between $2,750,001 to $3,000,000
Chew Choon Seng # – 42 4 50 4 100 120,000 12.60 27,000 PSP
30,000 RSP
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
* Mr Charles B Goode and Mr Fock Siew Wah stepped down from the Board after the last AGM on 31 July 2006.
# Includes EVA-based incentive payment and profi t-sharing bonus determined on an accrual basis for the fi nancial year ended 31 March 2007. Shares awarded under
the PSP and RSP are subject to performance targets and other terms and conditions being met under the respective share plans. Director’s fees were retained by the
Company.
No employee of the Group who is an immediate family member of a Director was paid a remuneration that exceeded
$150,000 during the fi nancial year ended 31 March 2007.
CORPORATE GOVERNANCE REPORT
For the period 1 April 2006 to 31 March 2007
Stock options granted
during the year