Singapore Airlines 2009 Annual Report Download - page 35

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Board Compensation and Industrial Relations Committee (BCIRC)
The BCIRC comprised Mr Stephen Lee (Chairman), Sir Brian Pitman, Mr James Koh and Mr David Michael
Gonski. All members of the Committee are non-executive directors. Although Mr Stephen Lee is not considered
independent under the Code of Corporate Governance, by virtue of his position as a member of the Temasek
Advisory Panel, the Nominating Committee is of the view that Mr Lee, being a non-executive Chairman, is able to
discern independently and detach himself from the Management in deciding on remuneration issues.
The BCIRC has been delegated the authority by the Board to review and approve recommendations on
remuneration policies and packages for key executives, and administer the Company’s EVA-based Incentive Plan,
Performance Share Plan and Restricted Share Plan for key senior executives and the Company’s Employee Share
Option Plan. The award of shares to senior executives is based on organizational and individual performance. In
developing, administering and maintaining the reward programmes, the BCIRC has access to professional advice
from external advisors as and when it deems necessary.
The BCIRC also pays attention to leadership development in the Company. Inspite of the business downturn,
it ensures that the Company continues to nurture able talent, which will form the bench-strength for
leadership succession.
The BCIRC also has oversight of industrial relations in the Company. The Committee seeks to establish the right
direction for Management and Union to adopt, in ensuring that the workforce is responsive to the evolving
challenges, and that the Company and staff remain competitive.
Access to Information (Principle 6)
The Directors are provided with Board Papers in advance before each Board Meeting, to enable them to be
properly informed of matters to be discussed and/or approved. Board Papers contain both regular items such as
reports on its subsidiaries and associated companies, updates on business development, monthly management
accounts, and productivity and performance indicators, as well as matters for the decision or information of
the Board.
Directors have separate and independent access to Senior Management and the Company Secretary at all times.
Directors can seek independent professional advice if required. Such costs will be borne by the Company.
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