Raffles Insitutep Xpo - Raffles Medical Group
Raffles Insitutep Xpo - Raffles Medical Group
Raffles Insitutep Xpo - Raffles Medical Group
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ANNUAL REPORT 2004<br />
p25<br />
CORPORATE GOVERNANCE (CONT’D)<br />
Summary compensation table for the year ended 31 December 2004 (<strong>Group</strong>):<br />
Directors’ Total Share<br />
Name of Salary(1) Bonus(2) fees Compensation Options Exercise Date of<br />
Directors % % % % Grants(3) Price Expiry<br />
S$500,000 and above<br />
Dr Loo Choon Yong 25 75 - 100 - - -<br />
Executive Chairman<br />
Below S$250,000<br />
Dr David M. Lawrence - - 100 100 100,000 $0.42 31/3/09<br />
Non-executive<br />
Mr Tan Soo Nan - - 100 100 100,000 $0.42 31/3/09<br />
Non-executive<br />
Associate Professor - - 100 100 100,000 $0.42 31/3/09<br />
Wee Beng Geok<br />
Non-executive<br />
Professor Lim Pin - - 100 100 100,000 $0.42 31/3/09<br />
Non-executive<br />
(1) The salary amount shown is inclusive of allowances, CPF, all fees other than Directors’ fees and other emoluments.<br />
(2) The bonus amount shown is inclusive of CPF.<br />
(3) Relates to options granted during the year by the Company.<br />
Key Executives’ Remuneration<br />
The Code requires the remuneration of at least the top five key Executives who are not also Directors to be disclosed within<br />
bands of S$250,000. The Company believes that disclosure of the remuneration of individual Executives who may also be<br />
clinicians is disadvantageous to its business interests, given the highly competitive industry conditions, where poaching of<br />
Executives has become commonplace in a liberalised environment.<br />
Accountability and Audit<br />
In presenting the annual financial statements and quarterly announcement to shareholders, the Board aims to provide shareholders<br />
with a balanced and comprehensive assessment of the <strong>Group</strong>’s position and prospects. Management currently provides the Board<br />
with appropriate details and management accounts of the <strong>Group</strong>’s performance, position and prospects on a quarterly basis.<br />
Board Committees<br />
To assist the Board in the execution of its duties, the Board has delegated specific functions to the following Committees:<br />
(a) Nomination & Compensation Committee<br />
(b) Audit Committee