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Singapore Airlines 70 Annual Report 2006-07
5 Options on Shares in the Company (continued)
(ii) Restricted Share Plan (“RSP”) and Performance Share Plan (“PSP”) (continued)
(b) SIA Engineering Company Limited (“SIAEC”)
At the extraordinary general meeting of SIAEC held on 25 July 2005, the shareholders approved the adoption of
two new share plans, namely the SIAEC RSP and the SIAEC PSP, in addition to the SIAEC ESOP.
The basis upon which a share may be awarded is similar to that of the RSP and PSP implemented by the
Company.
The details of the shares awarded under the new share plans during the year since commencement of the SIAEC
RSP and SIAEC PSP are as follows:
Number of Restricted and Performance shares
––––––––––––––––––––––––––––––––––––––––––––––––––––––
Date of grant Balance at
Share Plans 3.7.2006 Cancelled 31.3.2007
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
SIAEC RSP 205,200 (2,000) 203,200
SIAEC PSP 36,900 – 36,900
––––––––––––––––––––––––––––––––––––––––––––––––––––––
242,100 (2,000) 240,100
––––––––––––––––––––––––––––––––––––––––––––––––––––––
6 Audit Committee
The Audit Committee performed the functions specifi ed in the Singapore Companies Act. The functions performed are
detailed in the Report on Corporate Governance.
7 Auditors
The auditors, Ernst & Young, Certifi ed Public Accountants, have expressed their willingness to accept re-appointment.
On behalf of the Board,
STEPHEN LEE CHING YEN
Chairman
CHEW CHOON SENG
Chief Executive Offi cer
Dated this 11th day of May 2007
REPORT BY THE BOARD OF DIRECTORS