36
STAMFORD LAND CORPORATION LTD
CORPORATE GOVERNANCE STATEMENT
6OEFS UIF SVMFT PG UIF 401 BOE 141 UIF NBYJNVN OVNCFS PG $PNQBOZ TIBSFT PWFS XIJDI PQUJPOT
NBZ CF HSBOUFE VOEFS UIF 401 PS XIJDI NBZ CF JTTVFE PS EFMJWFSFE QVSTVBOU UP BXBSET HSBOUFE VOEFS
UIF 141 XIFO BHHSFHBUFE XJUI UIF OVNCFS PG OFX TIBSFT JTTVFE BOE JTTVBCMF BOE PS FYJTUJOH TIBSFT
USBOTGFSSFE PS USBOTGFSSBCMF JO SFTQFDU PG BMM PQUJPOT HSBOUFE VOEFS UIF 401 BOE BMM BXBSET HSBOUFE
VOEFS UIF 141 UIFSF BSF OP PUIFS TVCTJTUJOH PQUJPOT PS BXBSET HSBOUFE VOEFS BOZ PUIFS TIBSF TDIFNF
of the Company) shall not exceed fifteen percent (15%) of the issued share capital of the Company.
Fees and Remuneration of Executive and Non-Executive Directors
The fees proposed to be paid to the Directors as directors’ fees (“Directors’ Fees”) amount to an
BHHSFHBUF PG BCPVU 4
GPS ': BOE UIF SFNVOFSBUJPO QBJE UP UIF &YFDVUJWF %JSFDUPST CZ
UIF (SPVQ ŏ&YFDVUJWF %JSFDUPSTō 3FNVOFSBUJPOŐ BNPVOU UP BO BHHSFHBUF PG BCPVU 4
(1)
.
Directors’ Fees consist of a fixed board fee and additional fees payable to a Director for appointment
as a chairman or member of a particular Board Committee. The recommendations made by the RC in
relation to Directors’ Fees are subject to approval by the Shareholders at the AGM.
(1)
5IF &YFDVUJWF %JSFDUPSTō 3FNVOFSBUJPO BT EJTDMPTFE JO UIF BOOVBM SFQPSU GPS GJOBODJBM ZFBS FOEFE .BSDI
was a provision. The actual amount paid was S$2,311,000.
Directors’ Fees are set at a level that commensurates with the level of responsibility of the Director
within the Board and the Board Committees, which takes into account industry benchmarks. The
(SPVQ CFMJFWFT UIBU UIF DVSSFOU SFNVOFSBUJPO PG /PO &YFDVUJWF BOE *OEFQFOEFOU %JSFDUPST JT BU B MFWFM
that will not compromise the independence of the Directors.
5IF GPMMPXJOH UBCMF TIPXT B CSFBLEPXO JO QFSDFOUBHF UFSNT PG UIF %JSFDUPSTō 'FFT BOE &YFDVUJWF
Directors’ Remuneration for FY2016:
Remuneration Bands
Total Fixed
Compensation
Total Variable
Compensation
Directors’
Fees
(1)
Others
Total
Remuneration
%
%
%
%
%
S$1,750,000 to
below S$2,000,000
0X $IJP ,JBU
(2)
56
40
3
1
100
S$500,000 to below
S$750,000
0X :FX )FOH
(3)
46
47
6
1
100
S$250,000 to below
S$500,000
0X $IFP (VBO
(4)
77
15
7
1
100
