FRONTLINE COVER FA 070606 CR2.indd

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32 frontline technologies corporation ltd annual report 2006 > corporate governance report (cont’d) 6. Principle VII: Procedure for Developing Remuneration Policies (cont’d) Principle VIII: Level and mix of Remuneration (cont’d) Principle IX: Disclosure of Remuneration (cont’d) Remuneration Bands Remuneration Band and Name of Director Base Salary (%) Bonuses (%) Fees (%) $500,000 and above NIL Not Applicable Not Applicable Not Applicable $250,000 to below $500,000 Steve Ting Tuan Toon 80.24% 19.76% - Lim Chin Hu 76.50% 23.50% - Below $250,000 Shirley Wong Swee Ping 78.49% 21.51% - Tay Swee Sze - - 100 5 Harrison Wang Hong She - - 100 5 Robert Yap Min Choy - - 100 5 Paul Andrew Thorley - - 100 5 Ng Chee Keong - - 100 5 The Board and the CC and are of the view that the remuneration of Frontline directors are adequate but not excessive in order to attract, retain and motivate them to operate the Company successfully. The range of gross remuneration received by the top five executives of the Company is as follows: Remuneration Bands Executives More than $250,000 Nil Less than $250,000 5 4 The Company has since decided to compose the CC of three (3) independent directors. 5 Subject to shareholders’ approval at this annual general meeting.
frontline technologies corporation ltd annual report 2006 33 > corporate governance report (cont’d) 6. Principle VII: Procedure for Developing Remuneration Policies (cont’d) Principle VIII: Level and mix of Remuneration (cont’d) Principle IX: Disclosure of Remuneration (cont’d) Key Management Staff The background of the key management staff is as follows: Steve Ting Tuan Toon Founder, Executive Chairman and Director Mr Steve Ting Tuan Toon is a veteran in the technology industry with more than 20 years of experience. He has held several management positions in Hewlett Packard Singapore and Mentor Graphics Corporation. He started his first company, Mentor Graphics Associates Pte Ltd, in 1993 and subsequently Frontline Technologies Pte Ltd in 1994. Mr Ting served in various committees in tertiary institutions in Singapore and is also active in providing guidance in entrepreneurship via lectures and seminars. In recognition of his entrepreneurial achievements, Mr Ting was conferred the honorary title of Doctor of Philosophy in Business Administration from the Wisconsin International University, USA in 2002. He was also named Ernst and Young’s Entrepreneur of the Year (Business Services & Technology) in 2002. He was appointed a council member on The Enterprise Challenge (TEC) panel by the Prime Minister Office for Public Service 21 (PS 21) in 2005. Mr Ting holds a Bachelor of Engineering degree from the National University of Singapore, a post-graduate degree from the Institute of Marketing in the United Kingdom and a graduate diploma in Marketing Management from the Singapore Institute of Management. Lim Chin Hu President, Chief Executive Officer and Director As the Group President and Chief Executive Officer, Mr Lim Chin Hu oversees the Frontline Group’s regionalisation and operations. He started his career at Hewlett Packard Singapore and held various management positions. Prior to joining Frontline in 2000, he was the Managing Director of Sun Microsystems (Singapore) and Sun Asia Pacific e-Business and Channels Director. Mr Lim serves in several infocomm industry committees, including being the secretary of the Singapore Infocomm Technology Federation (SiTF), Singapore’s Information Technology Standards Committee (iTSC) and the National Infocomm Competency Council (NICC). He also serves as a board member of the Infocomm Development Authority of Singapore (IDA) and sits on the audit committee of the IDA Board. Mr Lim holds a Diploma in Electrical and Electronics Engineering from Ngee Ann Polytechnic and a Bachelor of Computer Science degree from La Trobe University, Melbourne, Australia.
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