O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX

for recommending to our Board a framework of remuneration for the Directors and key executives, and
determining specific remuneration packages for each Director. The recommendations of our Remuneration
Committee are submitted for endorsement by the entire Board. All aspects of remuneration, including but not
limited to directors’ fees, salaries, allowances, bonuses, options and benefits in kind shall be covered by our
Remuneration Committee. Each member of the Remuneration Committee is required to abstain from voting on
any resolutions and making recommendations and/or participating in any deliberations of the Remuneration
Committee in respect of his remuneration package. If a member of the Remuneration Committee has an
interest in a matter being deliberated by the committee, he will abstain from participating in the review and
approval process of our Remuneration Committee in relation to that matter.
Compensation
The compensation (which includes salaries, bonuses, benefits-in-kind, CPF contributions and Directors’
fees) paid or payable to our Directors and key Executive Officers for services rendered to us in all capacities
for FY2006, FY2007 (being the last two most recent completed financial years) and the current financial year,
in bands of S$250,000 per annum, was or is as follows:
FY2006 FY2007 FY2008
(Estimated)
Directors
Yaw Chee Siew ........................................ Band I Band I Band III
LeeKokWah ......................................... Band II Band II Band III
William Edward Alastair Morrison .......................... n/a n/a Band I
Craig Foster Pickett ..................................... n/a n/a Band I
Reggie Thein. ......................................... n/a n/a Band I
Ng Chee Keong ........................................ n/a n/a Band I
Executive Officers
Ong Tan Khiam. ....................................... n/a Band I Band II
LumKinWah......................................... Band II Band II Band II
Chua Peng Chua ....................................... n/a Band I Band I
KohKengTeck@KohGanPin ........................... n/a Band I Band I
See Kian Heng ........................................ n/a Band I Band I
Notes:
(1) Band I means up to S$249,999 per annum, Band II means S$250,000 to S$499,999 per annum and Band III
means S$500,000 to S$749,999 per annum. These bands do not include any compensation to be payable
through the profit sharing scheme or the Share Award Scheme.
(2) Craig Foster Pickett, William Edward Alastair Morrison, Reggie Thein, and Ng Chee Keong were only
appointed as Directors in FY2008.
(3) “n/a” means not applicable.
We have not set aside or accrued any amounts for our Directors, Executive Officers and our employees to
provide for pension, retirement or similar benefits (save for CPF contribution in Singapore).
Board Practices
At each AGM, one-third of the Directors for the time being (or, if their number is not a multiple of three,
the number nearest to but not less than one-third) shall retire from office by rotation. A retiring Director shall
be eligible for re-election. The Directors to retire in every year shall be those who have been longest in office
since their last re-election or appointment. Except for our Group Managing Director, all Directors shall retire
from office at least once every three years and shall be eligible for re-election.
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