28
ANNUAL REPORT 2015/2016
(iii)
Key Executives
The Group segments its employees into 3 key groupings:
a) individuals who are best able to influence the long-term strategy and direction of the organisation;
b) key employees across the organisation who have greater influence over business outcomes; and
c) all other employees.
In creating a total remuneration framework for segment (a) and (b) employees, the Group adopts both short and
long-term incentives in addition to the fixed element of the employees’ remuneration.
Short-term rewards are cash-based and reflect both the individual and business performance over the relevant
financial period. The amount to be awarded is based on the profits of the business units as well as the individual’s
performance score during the annual appraisal process.
The Group adopts the MTQ Share Plan as a long-term compensation scheme which rewards the participants, who
are largely segment (a) employees, when and after pre-determined performance conditions are met, based on a
percentage of annual base salary subject to the discretion of the Remuneration Committee. Further details on the
operation of MTQ Share Plan are disclosed in the Directors’ Statement section.
Remuneration Outcome
The remunerations paid to the Directors during the financial year ended 31 March 2016 are set out below:
Name of Director
Fixed
Component
1
(S$’000)
Variable
Component
²
(S$’000)
Provident
Fund
3
(S$’000)
Benefits
4
(S$’000)
Consultancy
Fees
5
(S$’000)
Directors’
Fees
6
(S$’000)
Total
(S$’000)
Kuah Kok Kim
7
–
–
–
–
166
70
236
Kuah Boon Wee
7
452
554
15
25
–
–
1,046
Nicholas Campbell Cocks
–
–
–
–
–
38
38
Chew Soo Lin
–
–
–
–
–
53
53
Christopher Ho Han Siong
–
–
–
–
–
43
43
Huang Yuan Chiang
–
–
–
–
–
55
55
Ong Choo Eng
–
–
–
–
–
38
38
1
Fixed Component refers to base salary and Annual Wage Supplement paid during the financial year ended 31 March 2016.
² Variable Component refers to cash bonuses awarded for financial years ended 31 March 2014 and 2015’s performance paid out
during the financial year ended 31 March 2016.
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 to a subsidiary during the financial year ended 31 March 2016.
6
Directors’ 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.
CORPORATE
GOVERNANCE REPORT
