Singapore Airlines 2011 Annual Report Download - page 41
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ANNUAL REPORT 2010/2011 039
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 ordinary shares which may be issued pursuant to awards granted under the RSP and PSP,
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. In addition the maximum number of new Shares that can be issued pursuant to awards granted
under the RSP and PSP in the period between the current Annual General Meeting (AGM) to the next AGM shall
not exceed 0.75% of the total number of issued ordinary shares in the capital of the Company.
Details of the Company’s PSP, RSP and ESOP can be found on pages 79 to 82 of the Report by the Board
of Directors.
Directors’ Fees
The Directors’ fees paid in financial year 2010/2011 amounted to $1,455,000 [financial year 2009/2010:
$1,207,000] and were based on the following rates:
Rates ($)
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