Full Report - Fraser and Neave Limited

REPORT ON CORPORATE GOVERNANCE
for the year ended 30 September 2006
Code 2005
Principle 9:
Disclosure on
Remuneration
Code 2005
Guidelines 9.1 & 9.2:
Remuneration of
Directors and Top 5
Key Executives
Code 2005
Guideline 9.4:
Details of Employee
Share Option Scheme
The remuneration of Directors and the top 5 key executives (who are not also Directors), is set out
below. Disclosure is provided to enable investors to understand the link between remuneration paid to
Directors, and key executives, and performance.
a) Directors of the Company
64 Fraser and Neave, Limited & Subsidiary Companies Annual Report 2006
Allowances
Fee Salary (4) Bonus & Benefits Total
% % % % %
i) Between $2,750,001 to $3,000,000
Dr Michael Fam (1) 19 62 5 14 100
ii) Between $2,000,001 to $2,250,000
Dr Han Cheng Fong (2) – 59 33 8 100
iii) Between $750,001 to $1,000,000
Mr Patrick Goh (5) – 46 21 33 100
Mr Anthony Cheong Fook Seng – 55 37 8 100
iv) Below $250,000
Mr Stephen Lee 100 – – – 100
Mr Ho Tian Yee 100 – – – 100
Mr Lee Ek Tieng 100 – – – 100
Dr Lee Tih Shih 100 – – – 100
Mr Nicky Tan Ng Kuang 100 – – – 100
Mr Koh Beng Seng 100 – – – 100
Mr Timothy Chia 100 – – – 100
b) Key Executives of the Group
i) Between $1,750,001 to $2,000,000
Mr Koh Poh Tiong – 62 37 1 100
ii) Between $1,000,001 to $1,250,000
Mr Lim Ee Seng – 52 47 1 100
iii) Between $500,001 to $750,000
Dato’ Ng Jui Sia (3) – 67 24 9 100
Mr Huang Hong Peng (6) – 58 29 13 100
Mr Tan Ang Meng – 66 31 3 100
(1) In addition, Dr Michael Fam received an ex-gratia payment of $1,000,000 when he retired as the Executive Chairman
of the Group at the close of the Annual General Meeting of the Company held on 26 January 2006.
(2) Dr Han Cheng Fong was appointed Group Deputy Chief Executive Officer and Managing Director up to 31 January 2006
and Group Chief Executive Officer from 1 February 2006.
(3) The remuneration paid to Dato’ Ng Jui Sia, who was appointed Chief Executive Officer of Times Publishing Limited from
15 July 2006, includes his remuneration during the year as Managing Director, F&N Coca-Cola (Malaysia) Sdn Bhd.
(4) Includes fees paid to Dr Michael Fam and Mr Patrick Goh as consultants after their retirement.
(5) Mr Patrick Goh retired on 28 July 2006 and is a consultant with the Company on a 3-year contract.
(6) Mr Huang Hong Peng resigned from the Company on 30 September 2006, to take up a position with Asia Pacific
Breweries Limited.
Information on the F&N ESOS is set out in the Directors’ Report on page 75. Information on key
executives is set out on pages 70 and 71.