Singapore Airlines 2009 Annual Report Download - page 37

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The SIA Performance Share Plan (PSP)
The PSP is targeted at a select group of key senior management who shoulder the responsibility for the Company’s
performance and who are able to drive the growth of the Company through innovation, creativity and superior
performance. Awards under the PSP are performance-based, with stretched performance targets based on criteria
such as absolute and relative total shareholders’ return to be achieved over a three-year performance period.
The SIA Restricted Share Plan (RSP)
The RSP is targeted at a broader base of senior executives and enhances the Company’s ability to recruit and
retain talented senior executives as well as to reward for Company and individual performance. Consistent with the
Company’s philosophy on adopting a pay-for-performance principle, awards under the RSP are contingent on the
achievement of performance targets like EBITDAR margin and staff productivity over a two-year performance period.
To encourage participants to continue serving the Company beyond the performance period, an extended vesting
period is imposed beyond the performance target completion date.
The total number of Shares which may be issued pursuant to awards granted under the PSP and RSP, when added to
the number of new shares issued and issuable in respect of all awards granted under the RSP and PSP, and all options
under the ESOP, shall not exceed 13% of the issued ordinary share capital of the Company on the day preceding
the relevant date of award.
The maximum number of new ordinary shares which may be granted under the SIA PSP and the SIA RSP from this
Annual General Meeting to the next Annual General Meeting shall not exceed 1.5 per cent of the total number of
issued ordinary shares (excluding treasury shares) in the capital of the Company preceding the relevant date of grant.
Details of the Company’s PSP, RSP and ESOP can be found on pages 68 to 78 of the Report by the Board
of Directors.
Directors’ Fees
The Directors’ fees paid in fi nancial year 2008-09 amounted to S$1,500,000 [fi nancial year 2007-08:
S$1,497,220] and were based on the following rates:
Rates (S$)
Board Retainers Board Member 80,000
Chairman 160,000
Committee Retainers Chairman of Executive Committee and Audit Committee 50,000
Chairman of other Board Committees, 35,000
Member of Executive Committee and
Audit Committee
Member of other Board Committees 20,000
Attendance Fees Home – City 5,000
In – Region 10,000
Out – Region 20,000
Teleconference – normal hours 1,000
Teleconference – odd hours 2,000
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