TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
21
Corporate Governance Report
Principle 9: Disclosure on Remuneration
Every Company should provide clear disclosure of its remuneration policies, level and mix of remuneration, and the procedure
for setting remuneration, in the Company’s annual report. It should provide disclosure in relation to its remuneration policies
to enable investors to understand the link between remuneration paid to directors and key management personnel, and
performance.
9.1, 9.2 and 9.3
Remuneration of directors
and at least the top 5 key
management personnel
(who are not directors)
should be reported to
shareholders annually
The remuneration of each individual Director and key management personnel is however not
fully disclosed as the Company believes that disclosure may be prejudicial to its business
interests given the highly competitive environment it is operating in.
Directors’ Remuneration
There are both fixed and variable components to executive directors’ remuneration. The
variable components are tied to Group performance.
A breakdown showing the level and percentage mix of each individual director’s remuneration
paid/payable for FY16 are as follows:
Remuneration
Band
Salary
& Fees
%
Performance
Related
Income/
Bonuses
%
Termination,
Retirement
and Post-
employment
benefits
%
Other
Benefits
%
Total
Remuneration
%
Executive Directors
Tjioe Ka Men
A
89
7
–
4
100
Tjioe Ka In
B
91
6
–
3
100
Non-Executive Directors
Dr Tan Eng Liang
B
100
–
–
–
100
Dr Ker Sin Tze
B
100
–
–
–
100
Goi Seng Hui
B
100
–
–
–
100
Chee Wai Pong
B
100
–
–
–
100
Ng Siok Keow
B
100
–
–
–
100
Remuneration Band “A” = >S$250,000 but <S$500,000
Remuneration Band “B” = <S$250,000
