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
6,000
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 2015.
2.4
Remuneration of Key Management Personnel
A breakdown of the remuneration of key management personnel for financial year ended
31 December 2015 is 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
86.18
13.82
–
100
Jack Tan Leong Chye
72.63
11.51
15.86
100
Jeffrey Leong Kar Yew
(1)
83.86
11.80
4.34
100
For the financial year ended 31 December 2015, the Group has 3 key executive officers as stated
above. The total remuneration paid to the top three key management personnel was S$445,263.
Note:
(1) Mr Jeffrey Leong Kar Yew has resigned as a Head of Sales with effect from 2 January 2016.
29
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
CORPORATE
GOVERNANCE
