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MTQ CORPORATION LIMITED
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
(S$’000)
Variable
Component
²
(S$’000)
MTQ Share
Plan
3
(S$’000)
Provident
Fund
5
(S$’000)
Benefits
6
(S$’000)
Total
(S$’000)
Between S$1,000,001 and S$1,250,000
Robin King
563
229
158
79
42
1,071
Between S$500,001 and S$750,000
Vincent Allegre
415
84
57
50
31
637
Sumardi Bin Sidi
178
353
10
11
14
566
Between S$250,001 and S$500,000
Ian Robert Hortin
186
70
9
14
194
473
Dominic Siu Man Kit
256
53
27
11
33
380
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 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 2016. Further information on the MTQ share Plan is set out in the Directors’ Statement section.
4
Provident Fund represents payments in respect of statutory contributions to national pension schemes.
5
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.
The total amount paid to the top 5 executives during the financial year ended 31 March 2016 is S$3.1 million.
Other than Mr. Kuah Kok Kim, and Mr. Kuah Boon Wee, no employee of the Company and its subsidiaries was an
immediate family member of a Director or the Group CEO and whose remuneration exceeded S$50,000 during the
financial year ended 31 March 2016.
ACCOUNTABILITY AND AUDIT
Principle 10 : Accountability
Management provides monthly management accounts, complete with relevant analysis and commentaries of the
performance, to the Board on a timely basis. Board reports, including financial information and annual budget, significant
corporate issues and management proposals requiring the approval of the Board, are circulated to all Directors prior to
the Board meetings.
The Board reviews legislative and regulatory compliance reports from the management to ensure the Group complies with
the relevant requirements. In line with the Listing Rules of SGX-ST, the Board provides a negative assurance statement to
the shareholders in its quarterly financial statements announcements, confirming to the best of its knowledge that nothing
had come to the attention of the Board which might render the financial statements false or misleading in any material
aspect. For the financial year under review, the Group CEO and Group CFO have provided assurance to the Board on the
integrity of the Group’s financial statements and the adequacy and effectiveness of the Group’s risk management and
internal controls systems.
Shareholders are informed of the Group’s quarterly and full year financial reports and other various disclosures of corporate
developments in a timely manner through the announcements made to SGX-ST via SGXNET.
CORPORATE
GOVERNANCE REPORT
