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ANNUAL REPORT 2011/2012
Directors’ Report
Share-based incentive
The Stamford Land Corporation Ltd Performance Share Plan (“Performance Plan”) was approved
at the Company’s Extraordinary General Meeting held on 30 August 2002. The Company’s
Remuneration Committee will administer the Performance Plan.
The Performance Plan is a share-based incentive to reward participants by the award of new
shares of the Company, which are given free of charge to the participants according to the extent
to which their performance targets are achieved at the end of a specifed performance period.
The selection of a participant and the number of new shares granted to a participant shall be
determined at the absolute discretion of the Remuneration Committee, which shall take into
account the participant’s rank, job performance, years of service, potential for future development
and contributions to the success and development of the Group.
Since the commencement of the Performance Plan, no shares have been awarded.
6 Options Exercised
During the fnancial year, there were no shares of the Company or any subsidiaries in the Group
issued by virtue of the exercise of an option to take up unissued shares.
7 Unissued Shares Under Option
At the end of the fnancial year, there were no unissued shares under option.
8 Audit Committee
The members of the audit committee at the date of this report are as follows:
Wong Hung Khim (Chairman)
Tan Chin Nam
Mark Anthony James Vaile