Remuneration of the Key Management Personnel
Remuneration paid or accrued to the top seven key management personnel FY2014 is as follows:
Notes:
1. Fixed component refers to base salary earned, allowances, benefits in kind and employer CPF
2. Variable component refers to variable bonus, performance bonus and employer CPF
3. Chua Siok Peng is the daughter of Chua Leong Hai and niece of Chua Hua Hong
The aggregate of the total remuneration paid to the above key management personnel for FY2014 was $1,573,415.
Remuneration of Employees related to Directors
Save for Ms Chua Siok Peng as disclosed in the Key Management Personnel section, the employees who are immediate family members
of Directors or CEO and remuneration exceeding $50,000 are listed below:
HLS Share-based Incentives
The Company has adopted a share option scheme known as the “HLS Employee Share Option Scheme” (“
Scheme
”) and a performance
share plan known as the “HLS Performance Share Plan” (“
Plan
”), both of which were approved at an Extraordinary General Meeting of
the Company held on 1 December 2009. The RC is responsible for the administration of the share-based remuneration plans.
Both the Scheme and the Plan will provide employees of the Group with an opportunity to participate in the equity of the Company and
to motivate them towards better performance through increased dedication and loyalty.
The Plan and the Scheme are designed to complement each other in our Company’s efforts to reward, retain and motivate employees
to achieve better performance. The aim of implementing more than one incentive plan is to grant our Company the flexibility in tailoring
reward and incentive packages suitable for each group of the Participants by providing an additional tool to motivate, reward and retain
staff members so that our Company can offer compensation packages that are competitive.
Remuneration Band: $50,000 to below $100,000
Name
Relationship
Chua See
Brother of Chua Leong Hai and Chua Hua Hong
Chua Hua Leong
Brother of Chua Leong Hai and Chua Hua Hong
CORPORATE GOVERNANCE REPORT
Key Management Personnel of Company
Fixed
component
1
Variable
component
2
Total
%
%
%
Below or equal to $250,000
Ang Kwee Hong
71
29
100
Chong Lee Yin
68
32
100
Choo Ket Weng
78
22
100
Chua Siok Peng
3
68
32
100
Daniel Tay Chin Kwang
73
27
100
Fong Kam Wai
72
28
100
Thomas Khong
80
20
100
Hock Lian Seng Holdings Limited
Annual report 2014
21
