27
/ MTQ CORPORATION LIMITED /
ANNUAL REPORT
2014/2015
CORPORATE GOVERNANCE REPORT
The remunerations paid to the Directors during the financial year ended 31 March 2015 are set out below:
Name of Director
Fixed
Component
1
Variable
Component
2
Provident
Fund
3
Benefits
4
Consultancy
Fees
5
Directors’
Fees
6
Total
(S$’000)
Kuah Kok Kim
7
–
–
–
2% 67% 31% 230
Kuah Boon Wee
7
32% 65% 1% 2%
–
–
1,425
Nicholas Campbell Cocks
–
–
–
–
–
100% 38
Chew Soo Lin
–
–
–
–
–
100% 53
Christopher Ho Han Siong
–
–
–
–
–
100% 43
Huang Yuan Chiang
–
–
–
–
–
100% 55
Ong Choo Eng
–
–
–
–
–
100% 38
1
Fixed Component refers to base salary and Annual Wage Supplement paid during the financial year ended 31 March 2015.
² Variable Component refers to cash bonuses awarded for financial year ended 31 March 2014’s performance paid out during the
financial year ended 31 March 2015.
³ Provident Fund represents payments in respect of statutory contributions to the Singapore Provident Fund.
4
Benefits are stated on the basis of direct costs, and include car benefits, other benefits associated with relocation and other non-
cash benefits such as club memberships.
5
Consultancy fees refer to fees for consultancy services provided during the financial year ended 31 March 2015.
6
Director’ Fees are paid on a quarterly basis in arrears.
7
Mr. Kuah Kok Kim, Chairman of the Company, is the father of Mr. Kuah Boon Wee, Group Chief Executive Officer of the Company.
The remunerations of the top 5 key executives (who are not directors) of the Group are as follows:
Name of Key Executive
Fixed
Component
1
Variable
Component
2
MTQ Share
Plan
3
LTI and RPR
Plans
4
Provident
Fund
5
Benefits
6
Total
Between S$1,750,001 and S$2,000,000
Robin King
36% 26%
7% 22% 6% 3% 100%
Between S$750,001 and S$1,750,000
Vincent Allegre
51% 18%
5% 15% 7% 4% 100%
Between S$500,001 and S$750,000
Ian Robert Hortin
35% 17%
1%
–
2% 45% 100%
Paul William Bennett
78%
–
–
–
13% 9% 100%
Between S$250,001 and S$500,000
Vincent Tan
50% 40%
4%
–
3% 3% 100%
1
Fixed Component refers to base salary and Annual Wage Supplement paid during the financial year ended 31 March 2015.
² Variable Component refers to cash bonuses awarded for financial year ended 31 March 2014’s performance paid out during the
financial year ended 31 March 2015.
³ The figures are based on the grant date fair values of the tranches of Awards vested and released during the financial year ended
31 March 2015. Further information on the MTQ share Plan is set out in the Directors’ Report section.
4
LTI and RPR Plans represent Long Term Incentive Plan and Retention Performance Rights that are adopted by Neptune Marine
Services Limited (“Neptune”). The figures are based on the amounts paid for the buy-back of Neptune’s RPR and LTI rights during the
financial year ended 31 March 2015. Further information on the LTI and RPR Plans has been disclosed in Neptune’s Annual Report
which is publicly available.
5
Provident Fund represents payments in respect of statutory contributions to national pension schemes.
6
Benefits are stated on the basis of direct costs, and include car benefits, other benefits associated with relocation and other non-
cash benefits such as club membership.
