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HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
CORPORATE
GOVERNANCE
The Non-Executive Directors receive directors’ fees in accordance with their contributions, taking
into account factors such as responsibilities, effort and time spent for serving on the Board and the
board committees. The Non-Executive Directors’ fees were derived using the fee structure as follows:
S$
Basic fee
40,000
Board chairmanship
8,000
ARC chairmanship
6,000
NC chairmanship
4,000
RC chairmanship
4,000
ARC membership
3,000
NC membership
2,000
RC membership
2,000
2.3 Remuneration of Employees Related to Directors
There is no employee who is related to a director or the Chief Executive Officer whose remuneration
exceeds S$50,000 in the Group’s employment for financial year ended 31 December 2014.
2.4 Remuneration of Senior Management
A breakdown of the remuneration of senior management for financial year ended 31 December 2014
set out below:
Name of Executive Officers
Base Salary
%
Bonus
%
Allowances
and Others
%
TOTAL
%
Executive Officers who receive
below S$250,000
Sharon Tay Hong Kiang
92.09% 7.91%
-
100.00%
Jack Tan Leong Chye
(1)
87.02% 7.52% 5.46% 100.00%
Jeffrey Leong Kar Yew
(2)
84.76% 7.71% 7.53% 100.00%
Ho Vui Soon
(3)
96.33% 0.00% 3.67% 100.00%
Foo Chih Yuen
(4)
97.11% 0.00% 2.89%
100.00%
(1)
Joined on 10 April 2014
(2)
Appointed on 01 February 2014
(3)
Resigned on 30 June 2014
(4)
Resigned on 31 May 2014
For the financial year ended 31 December 2014, the total remuneration paid to the top five key
management personnel was S$534,919.
