Singapore Airlines 2011 Annual Report Download - page 85

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ANNUAL REPORT 2010/2011 083
REPORT BY THE BOARD OF DIRECTORS
6 Equity Compensation Plans of Subsidiary Company
(i) SIA Engineering Company Limited (“SIAEC”) Employee Share Option Plan
At the end of the financial year, options to take up 46,921,350 unissued shares in SIAEC were outstanding.
Details and terms of the options have been disclosed in the Directors’ Report of SIAEC.
(ii) SIAEC RSP and SIAEC PSP
Details and terms of the SIAEC RSP and SIAEC PSP have been disclosed in the Directors’ Report of SIAEC.
7 Audit Committee
The Audit Committee performed the functions specified in the Singapore Companies Act. The functions
performed are detailed in the Report on Corporate Governance.
8 Auditors
The auditors, Ernst & Young LLP, Certified Public Accountants, have expressed their willingness to
accept re-appointment.
On behalf of the Board,
STEPHEN LEE CHING YEN
Chairman
GOH CHOON PHONG
Chief Executive Officer
Dated this 12th day of May 2011