CORPORATE GOVERNANCE STATEMENT
Principle 9: Disclosure on Remuneration (Cont’d)
The remuneration bands and the composition of the remuneration of the top five key management
personnel (excluding Executive Directors of the Company) of the Group for the financial year ended
31 March 2014 are as follows:
Remuneration bands
Salary
Bonuses
Others
Total
%
%
%
%
$500,000 to S$750,000
– Anthony Rice
60
34
6
100
S$250,000 to S$500,000
– Tay Lai Wat
80
13
7
100
– Thomas Ong
82
10
8
100
– Jon Foo
90
6
4
100
Below S$250,000
– Chua Siew Hwi
(appointed w.e.f. 16 September 2013)
85
8
7
100
The aggregate amount of the total remuneration paid to the key management personnel (who are
not directors or CEO of the Company) is approximately $1,945,000.
There are no termination, retirement and post-employment benefits granted to the directors,
the CEO or the top five key management personnel.
Remuneration of immediate family members of director or the CEO
During the financial year ended 31 March 2014, save for executive directors, there are no other
employees who are immediate family members of a director or the CEO whose remuneration
exceed $50,000.
3. ACCOUNTABILITY AND AUDIT
Principle 10: Accountability
The Board provides shareholders with financial statements for the first three quarters and full
financial year within the timeframe in line with Rule 705 of the Listing Manual. In presenting the
annual and quarterly financial statements to shareholders, the Board aims to provide shareholders
with a balanced and clear assessment of the Group’s performance, financial position and prospects.
Management provides the Board with management accounts, operations review and related
explanations and any other information as the Board may require together with the financial
statements on a quarterly basis. The Audit and Risk Management Committee reviews the financial
statements and reports to the Board for approval. The Board authorises the release of the results to
the SGX-ST and the public via SGXNET. The quarterly and full year financial results are also timely
uploaded on the Group’s own website at
The Board also provides negative assurance confirmation to shareholders for the quarterly financial
statements in accordance with Rule 705(5) of the Listing Manual.
37
STAMFORD LAND CORPORATION LTD
ANNUAL REPORT 2013/2014
