Annual Report 2012 - ecoWise Holdings Limited

More documents

Recommendations

Info

34ecoWise Holdings Limitedannual report 2012CORPORATE GOVERNANCEPrinciple 9: Disclosure on RemunerationEach company should provide clear disclosure of remuneration policy, level and mix of remuneration,and the procedure for setting remuneration in the company’s annual report. It should provide disclosurein relation to its remuneration policies to enable investors to understand the link between remunerationpaid to directors and key executives, and performance.Details of the remuneration of Executive Directors of the Company and top six executives of the Group for thefinancial year ended 31 October 2012 are set out below:Base/FixedSalary%Variable orPerformanceRelatedIncome/Bonus%Benefits inkind%ecoWisePSP (1)%Total%Executive Directors$500,000 to $749,999Lee Thiam Seng68.9 29.1 2.0 – 100.0Low Kian Beng 61.4 37.0 1.6 – 100.0Below $250,000Sunny Ong Keng Hua(retired on 28 February 2012) 43.8 56.2 – – 100.0Key Executives$250,000 to $349,999Lilian Tan Yin Yen 75.8 24.2 – – 100.0Below $250,000Aloysius Chan Buang Heng 87.7 12.3 – – 100.0Fong Seok Phoy 72.6 27.4 – – 100.0Daniel Liao Hong Hai 89.6 10.4 – – 100.0Chin Hon Meng 64.1 35.9 – – 100.0Kenny Huang JianFang 88.7 11.3 – – 100.0(1) Refer to performance shares vested under the PSP during the financial year.
ecoWise Holdings Limitedannual report 201235CORPORATE GOVERNANCEThe directors’ fees for Independent Non-Executive Directors for the financial year ended 31 October 2012 are setout below:Directors’ Fees(S$)Independent DirectorsNg Cher Yan 45,000Ang Mong Seng 40,000Ong Teck Ghee 40,000125,000There is no employee who is related to a Director for the financial year ended 31 October 2012.During the financial year ended 31 October 2012, a total of 5,426,875 performance shares were granted under thePSP of which 350,000 performance shares grant was cancelled. Details are set out below:ParticipantBalanceas at1.11.2011PerformanceShares grantedduring financialyear 2012Shares lapsed/cancelledduring financialyearPerformanceShares vestedduring financialyearBalanceas at31.10.2012DirectorsLee Thiam Seng – 1,096,875 – – 1,096,875Low Kian Beng – 1,500,000 – – 1,500,000Ng Cher Yan – 130,000 – – 130,000Ang Mong Seng – 100,000 – – 100,000Ong Teck Ghee – 100,000 100,000– 2,926,875 – – 2,926,875Other Staff – 2,500,000 (350,000) – 2,150,000– 5,426,875 (350,000) – 5,076,875
Page 1 and 2: ANNUAL REPORT 2012PURSUINGSUSTAINAB
Page 3 and 4: ecoWise Holdings Limitedannual repo
Page 9: ecoWise Holdings Limitedannual repo
Page 35: ecoWise Holdings Limitedannual repo
Page 87 and 88:
ecoWise Holdings Limitedannual repo
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
PROXY FORMIMPORTANT1. For investors
Page 157 and 158:
This page has been intentionally le
Page 159 and 160:
Designed and produced by(65) 6578 6
show all

Annual Report 2012 - ecoWise Holdings Limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?