134
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
CORPORATE GOVERNANCE
Directors of the Company
For the period from 27 October 2014 to 31 December 2015
Salary inclusive
of Annual
Wage
Supplement
(
“
AWS
”
) and
employer’s
CPF
Bonus and
other benefits
inclusive of
employer’s
CPF
Stock options
granted and other
share-based
incentives and
awards
Director’s
Fees
Total
%
%
%
%
%
Executive Director
Between S$2,500,000 to S$2,600,000
Mr. Pua Seck Guan
57.1
42.9
Please see Note 1
–
100
Non-Executive Directors
Between S$100,000 to S$199,000
Mr. Eugene Paul Lai Chin Look
–
–
Please see Note 1
100
100
Up to S$99,999
Mr. Kuok Khoon Hong
–
–
–
100
100
Mr. Ron Sim
–
–
–
100
100
Mr. Chua Phuay Hee
–
–
Please see Note 1
100
100
Mr. Lee Suan Hiang
–
–
100
100
Mr. Ooi Eng Peng
–
–
100
100
DISCLOSURE ON REMUNERATION (GUIDELINE 9)
Guideline 9.1 : Report to shareholders on remuneration
Guideline 9.2 : Disclosure of remuneration of each Director and CEO
Guideline 9.3 : Disclosure of remuneration of top five key management personnel
The Code encourages the disclosure of the remuneration of Directors, the CEO and at least the top five key
management personnel (who are not also Directors or the CEO) of the Company on a named basis.
The details of remuneration for the Directors and CEO for the period from 27 October 2014 to 31 December 2015
are provided in the table below. All Directors were appointed on 27 October 2014 except for Mr. Ooi Eng Peng who
was appointed on 28 July 2015.
Note 1:
The above remuneration bands exclude the grant of share options to Directors under the Perennial Employee Share Option Scheme 2014. The Share Plan
was approved by Shareholders at an Extraordinary General Meeting held in October 2014 and is administered by the RC. Where applicable, the executive
Director and independent Directors had abstained from the review and recommendation process in respect of their own share option award allocation.
Share options were granted during the year, to be vested from FY2016 onwards. Fair value of vested shares will be declared on their vesting in the
remuneration disclosure for FY2016, where applicable.
